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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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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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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
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Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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Most things that couples disagree upon aren't worth more than a day's combat.
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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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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Individual investors predictably flock to stocks in companies that are in the news.
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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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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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People are really happier with friends than they are with their families or their spouse or their child.
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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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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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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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You should not take your intuitions at face value.
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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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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.
Daniel Kahneman