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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
Adaptation
Extent
Attention
Process
Seems
Substantial

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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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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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Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
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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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All of us would be better investors if we just made fewer decisions.
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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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I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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