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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
Easy
Life
Mislead
Naive
Insurance
Trusted
Companies
Customers
Company

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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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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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I have always emphasized the willingness to discard.
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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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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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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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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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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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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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It was always assumed I would be a professor. I grew up thinking it.
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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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Groups tend to be more extreme than individuals.
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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 should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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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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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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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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