A psychologist and Kahneman’s primary collaborator. Kahneman and Tversky’s partnership began in the early 1970s at the Hebrew University of Jerusalem, when Kahneman asked Tversky to lecture in one of his classes. Their discussion then led to their collaboration on many subjects, including intuition, forecasting, estimating, and assessing hypotheses. Their work culminated in the late 1970s in prospect theory, which addressed how human choices often deviate from the rules of rational economic theory. This collaboration led to the Nobel Prize Kahneman received in 2002, which Tversky would have shared had he not died in 1996 at age 59.
Amos Tversky Quotes in Thinking, Fast and Slow
The Thinking, Fast and Slow quotes below are all either spoken by Amos Tversky or refer to Amos Tversky. For each quote, you can also see the other characters and themes related to it (each theme is indicated by its own dot and icon, like this one: Note: all page numbers and citation info for the quotes below refer to the Farrar, Straus and Giroux edition of Thinking, Fast and Slow published in 2011.).
Part 4, Chapter 26 Quotes
For most people, the fear of losing $100 is more intense than the hope of gaining $150. We concluded from many such observations that “losses loom larger than gains” and that people are loss averse.
Amos Tversky Character Timeline in Thinking, Fast and Slow
The timeline below shows where the character Amos Tversky appears in Thinking, Fast and Slow. The colored dots and icons indicate which themes are associated with that appearance.
Part 1, Chapter 7
Part 2, Chapter 10
Part 2, Chapter 11
Part 2, Chapter 12
Part 2, Chapter 15
Part 2, Chapter 16
Part 2, Chapter 18
Kahneman then describes another question he and Tversky once asked people. After describing a freshman student as “intelligent, self-confident, well-read, hardworking, inquisitive,” they... (full context)
Part 3, Chapter 20
Part 3, Chapter 23
Part 4, Chapter 25
Part 4, Chapter 26
...it was possible to assume that people evaluate gambles by tiny differences in wealth. Likewise, Tversky quickly realized that another economist had proposed that utilities were attached to changes of wealth... (full context)
...and losses have different utilities. These differences were neither expected nor studied. When Kahneman and Tversky casually shifted from speaking about winning to speaking about losing in different thought experiments, they... (full context)
Part 4, Chapter 27
Part 4, Chapter 34