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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
Effort
Getting
Right
Commensurate
Invested
Importance
Decision

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I have always emphasized the willingness to discard.
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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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You're surprised by something, but you don't really know what surprised you you recognize someone, but you don't really know what cues cause you to recognize that person.
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Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
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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.
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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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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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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.
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People are really happier with friends than they are with their families or their spouse or their child.
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If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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Money does not buy you happiness, but lack of money certainly buys you misery.
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The concept of happiness has to be reorganised.
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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
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