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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Enough
Never
Fewer
Rising
Market
Pay
Learn
Ideas

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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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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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We're generally overconfident in our opinions and our impressions and judgments.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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It was always assumed I would be a professor. I grew up thinking 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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
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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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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 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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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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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.
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Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
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All of us would be better investors if we just made fewer decisions.
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Hindsight bias makes surprises vanish.
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