Facts about Amos Tversky
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Tversky's 1986 research on preference reversals found that people often prefer different options depending on whether they must state a price or make a binary choice, revealing fundamental inconsistencies in decision-making.
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Amos Tversky died in 1996 at age 59 from melanoma, preventing him from sharing the 2002 Nobel Prize in Economics with Daniel Kahneman for their joint research.
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During the 1980s, Tversky's work on framing effects demonstrated that people's choices systematically reverse when identical options are presented as potential gains versus losses.
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At Stanford University, Tversky collaborated with Barbara Mellers in 1982 to develop similarity-based models explaining how people make judgments and decisions through psychological distance.
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Tversky's 1981 study on the representativeness heuristic showed people overestimate the probability of events matching a stereotype, even when base rates suggest otherwise.
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Tversky's 1972 conjunction fallacy experiments revealed that people often judge specific scenarios as more probable than general categories that logically include them.
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Tversky's 1981 research on the availability heuristic demonstrated that people judge probability based on how easily examples come to mind rather than actual statistical likelihood.
- 01
In 1974, Daniel Kahneman and Amos Tversky published their groundbreaking paper on prospect theory, which won Kahneman the Nobel Prize in Economics in 2002.