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Alternative descriptions of the same reality evoke different emotions and different associations.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Alternatives
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More quotes by Daniel Kahneman
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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Hindsight bias makes surprises vanish.
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A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
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The concept of happiness has to be reorganised.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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Most things that couples disagree upon aren't worth more than a day's combat.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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Political columnists and sports pundits are rewarded for being overconfident.
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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
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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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Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.
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I'm not a great believer in self-help.
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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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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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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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People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
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I have always emphasized the willingness to discard.
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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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