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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Making
Evolved
Wells
Raising
Well
Question
Make
Decision
Things
Interest
People
Whether
Happy
Future
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I have always emphasized the willingness to discard.
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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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We're generally overconfident in our opinions and our impressions and judgments.
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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
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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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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification.
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I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
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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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I'm not a great believer in self-help.
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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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Most people are highly optimistic most of the time.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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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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Often, the most enjoyable part of an activity is the anticipation.
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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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Slow thinking has the feeling of something you do. It's deliberate.
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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 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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