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Political columnists and sports pundits are rewarded for being overconfident.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Pundits
Rewarded
Sports
Political
Columnists

More quotes by Daniel Kahneman

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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.
Daniel Kahneman
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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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The easiest way to increase happiness is to control your use of time.
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Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
Daniel Kahneman
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You should not take your intuitions at face value.
Daniel Kahneman
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
Daniel Kahneman
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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.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
Daniel Kahneman
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
Daniel Kahneman
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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
Daniel Kahneman
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I'm not a great believer in self-help.
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We can be blind to the obvious, and we are also blind to our blindness.
Daniel Kahneman
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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
Daniel Kahneman
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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
Daniel Kahneman
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Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.
Daniel Kahneman
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If individuals are rational, there is no need to protect them against their own choices.
Daniel Kahneman
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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman