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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
Substantial
Adaptation
Extent
Attention
Process
Seems

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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 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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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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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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Hindsight bias makes surprises vanish.
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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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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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I'm not a great believer in self-help.
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Intelligence is not only the ability to reason it is also the ability to find relevant material in memory and to deploy attention when needed.
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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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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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The easiest way to increase happiness is to control your use of time.
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It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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