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We're generally overconfident in our opinions and our impressions and judgments.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Impression
Generally
Judgment
Opinion
Impressions
Judgments
Opinions

More quotes by Daniel Kahneman

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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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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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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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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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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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Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
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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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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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Political columnists and sports pundits are rewarded for being overconfident.
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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.
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Most people are highly optimistic most of the time.
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If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
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There are some conditions where you have to trust your intuition.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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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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