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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Extent
Attention
Process
Seems
Substantial
Adaptation

More quotes by Daniel Kahneman

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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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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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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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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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We can be blind to the obvious, and we are also blind to our blindness.
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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
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I have always emphasized the willingness to discard.
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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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Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.
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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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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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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
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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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Groups tend to be more extreme than individuals.
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Individual investors predictably flock to stocks in companies that are in the news.
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All of us would be better investors if we just made fewer decisions.
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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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Laziness is built deep into our nature.
Daniel Kahneman
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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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