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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Trusted
Companies
Customers
Company
Easy
Life
Mislead
Naive
Insurance

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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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There are some conditions where you have to trust your intuition.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.
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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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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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An individual who expresses high confidence probably has a good story, which may or may not be true.
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The most effortful forms of slow thinking are those that require you to think fast.
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Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.
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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
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I have always emphasized the willingness to discard.
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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
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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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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
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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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If individuals are rational, there is no need to protect them against their own choices.
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