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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
Description
Alternatives
Emotions
Emotion
Descriptions
Reality
Associations
Different
Evoke
Alternative
Association
More quotes by Daniel Kahneman
Through some combination of culture and biology, our minds are intuitively receptive to religion.
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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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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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We're generally overconfident in our opinions and our impressions and judgments.
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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
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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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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
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Hindsight bias makes surprises vanish.
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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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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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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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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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If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
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Often, the most enjoyable part of an activity is the anticipation.
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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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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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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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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 easiest way to increase happiness is to control your use of time.
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