The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Tversky, Amos (1937–1996)

  • Eldar Shafir
Reference work entry


Amos Tversky (1937–1996), a cognitive psychologist, is regarded as a giant in the study of human judgment and decision making, and one of the founders of behavioural economics. His early work in mathematical psychology focused on choice, similarity and measurement. With Daniel Kahneman, he collaborated on a highly influential study of judgmental heuristics and biases, and later published a seminal paper on prospect theory, a descriptive theory of individual choice. These projects have had a revolutionary impact on the study of judgment and decision making. Tversky’s work has been influential across many disciplines; he won many awards for diverse accomplishments.


Behavioural economics Decision making Intransitive preferences Judgment Kahneman, D. Mathematical psychology Measurement Normative theory Preference reversals Prospect theory Risk aversion Similarity models Tversky, A. Utility maximization Risk seeking Endowment effects Support theory Probability judgments Econometric society 

JEL classifications

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  1. Gilovich, T.D., D.W. Griffin, and D. Kahneman (eds.). 2001. Heuristics and biases: The psychology of intuitive judgment. Cambridge: Cambridge University Press.Google Scholar
  2. Kahneman, D., J.L. Knetsch, and R. Thaler. 1990. Experimental tests of the endowment effect and the Coase theorem. Journal of Political Economy 98: 1325–1348.CrossRefGoogle Scholar
  3. Samuelson, W., and R. Zeckhauser. 1988. Status quo bias in decision making. Journal of Risk and Uncertainty 1: 7–59.CrossRefGoogle Scholar
  4. Shafir, E. (ed.). 2004. Preference, belief, and similarity: The selected writings of Amos Tversky. Cambridge, MA: MIT Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Eldar Shafir
    • 1
  1. 1.