Daniel Kahneman on Balancing Money and Happiness (VIDEO)
Daniel Kahneman is one of the most important thinkers on human decision making. The Princeton psychologist won the Nobel Prize in economics in 2002 for his work on prospect theory with his friend and collaborator, the late Amos Tversky.
Kahneman's research challenging the rational model of judgment has influenced the worlds of economics, medicine and politics. Huff/Post50's Laura Rowley met with him recently in New York City to discuss his new book, "Thinking, Fast and Slow."
Kahneman describes the way our "remembering self" can trick us into making poor life decisions; how money can buy happiness -- but only one kind; and recalls a formative childhood experience in Nazi-occupied France that led to a lifetime fascination with human psychology.