Daniel Kahneman Quotes
Top 100 wise famous quotes and sayings by Daniel Kahneman
Daniel Kahneman Famous Quotes & Sayings
Discover top inspirational quotes from Daniel Kahneman on Wise Famous Quotes.
Perception of intention and emotion is irresistible; only people afflicted by autism do not experience it.
Add-1 with four digits caused a larger dilation than the task of holding seven digits for immediate recall. Add-3, which is much more difficult,
If you care about being thought credible and intelligent, do not use complex language where simpler language will do.
We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
For one thing, it helps us see the logical consistency of Human preferences for what it is - a hopeless mirage
the line between what clinicians can do well and what they cannot do at all well is not obvious, and certainly not obvious to them.
The average investor's return is significantly lower than market indices due primarily to market timing.
Nobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens.
We're blind to our blindness. We have very little idea of how little we know. We're not designed to know how little we know.
They added a cheap gift to the expensive product, and made the whole deal less attractive. Less is more in this case.
Freedom has a cost, which is borne by individuals who make bad choices, and by a society that feels obligated to help them.
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
An individual who expresses high confidence probably has a good story, which may or may not be true.
You inability to reconstruct past beliefs will inevitably cause you to underestimate the extent to which you were surprised by past events.
Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled.
The Affect Heuristic The dominance of conclusions over arguments is most pronounced where emotions are involved.
We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.
Overconfidence: As the WYSIATI rule implies, neither the quantity nor the quality of the evidence counts for much in subjective confidence.
Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.
Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
The sunk-cost fallacy keeps people for too long in poor jobs, unhappy marriages, and unpromising research projects.
To think clearly about the future, we need to clean up the language that we use in labeling the beliefs we had in the past.
However, attention can be moved away from an unwanted focus, primarily by focusing intently on another target.
The illusion that we understand the past fosters overconfidence in our ability to predict the future.
While writing the article that reported these findings, Amos and I discovered that we enjoyed working together.
The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.
It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
prepared for the future as you could be. An odd feature of what happened is that your System 1 treated the mere conjunction of
People are really happier with friends than they are with their families or their spouse or their child.
Remember this rule: intuition cannot be trusted in the absence of stable regularities in the environment.
Our predilection for causal thinking exposes us to serious mistakes in evaluating the randomness of truly random events.
And you should not expect much from pundits making long-term forecasts - although they may have valuable insights into the near future. The
People have little idea, by and large, of the investment world. They are convinced they have an advantage.
You can always find an evolutionary quotation for anything. But the question is whether it's functional, which is not the same as being evolutionary.
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
a stable relationship requires that good interactions outnumber bad interactions by at least 5 to 1.
Maintaining one's vigilance against biases is a chore - but the chance to avoid a costly mistake is sometimes worth the effort.
The experiencing self lives its life continuously. It has moments of experience, one after the other.
One study found that people who just thought about watching their favorite movie actually raised their endorphin levels by 27 percent.
If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking.
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
Intuitive predictions need to be corrected because they are not regressive and therefore are biased.
To derive the most useful information from multiple sources of evidence, you should always try to make these sources independent of each other.
The mind is good with stories, but it does not appear to be well designed for the processing of time.
Question: So investors shouldn't delude themselves about beating the market? Answer: "They're just not going to do it. It's just not going to happen."