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The effort invested in 'getting it right' should be commensurate with the importance of the decision.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Commensurate
Invested
Importance
Decision
Effort
Getting
Right

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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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People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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We are far too willing to reject the belief that much of what we see in life is random.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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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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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
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Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
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We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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Most things that couples disagree upon aren't worth more than a day's combat.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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I'm not a great believer in self-help.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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