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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
Company
Easy
Life
Mislead
Naive
Insurance
Trusted
Companies
Customers

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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
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Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
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The easiest way to increase happiness is to control your use of time.
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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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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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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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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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You should not take your intuitions at face value.
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I'm not a great believer in self-help.
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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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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Experts don't know exactly where the boundaries of their expertise are.
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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
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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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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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The concept of happiness has to be reorganised.
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Slow thinking has the feeling of something you do. It's deliberate.
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Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.
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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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