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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
Impressions
Judgments
Opinions
Impression
Generally
Judgment
Opinion

More quotes by Daniel Kahneman

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Political columnists and sports pundits are rewarded for being overconfident.
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Individual investors predictably flock to stocks in companies that are in the news.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
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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 are really happier with friends than they are with their families or their spouse or their child.
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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.
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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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One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.
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... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
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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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We are far too willing to reject the belief that much of what we see in life is random.
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Hindsight bias makes surprises vanish.
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You should not take your intuitions at face value.
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Slow thinking has the feeling of something you do. It's deliberate.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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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 enjoy being active, but I look forward to the day when I can retire to the Internet.
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