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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Doesn
Take
Many
Spotted
Think
Observations
Thinking
Trend
Trends
Observation
Probably

More quotes by Daniel Kahneman

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You should not take your intuitions at face value.
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We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
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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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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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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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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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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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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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I'm not a great believer in self-help.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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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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Groups tend to be more extreme than individuals.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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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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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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You're surprised by something, but you don't really know what surprised you you recognize someone, but you don't really know what cues cause you to recognize that person.
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If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
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The concept of happiness has to be reorganised.
Daniel Kahneman