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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Secure
Economy
Talk
Less
Sense
People
Reinventing
Workplace

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Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
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Most things that couples disagree upon aren't worth more than a day's combat.
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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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An individual who expresses high confidence probably has a good story, which may or may not be true.
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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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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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Survival prospects are poor for an animal that is not suspicious of novelty.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
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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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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.
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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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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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You should not take your intuitions at face value.
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If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
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We're generally overconfident in our opinions and our impressions and judgments.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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