We are sorry to announce that Karl-Erik Wärneryd, Professor Emeritus, passed away August 14, at the age of 91. Karl-Erik Wärneryd got his PhD at the University of Chicago in 1955, and became professor at SSE in Economic Psychology in 1963. He retired in 1992, but then continued doing research at the CentER for Economic Research at Tilburg University in the Netherlands. Karl-Erik Wärneryd was one of the founding fathers of IAREP – the International Association of Research in Economic Psychology – and established the field in Sweden, influencing research in many other academic fields, and practices as well. Karl-Erik will be greatly missed by his colleagues at SSE and his former disciples.