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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Scientist
Elaborate
White
Psychologist
Coat
Stuff
Coats
Running
Statistics
Really
Scientists
Experiments
Aim
Psychologists
More quotes by Daniel Kahneman
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
... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
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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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Slow thinking has the feeling of something you do. It's deliberate.
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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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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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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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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.
Daniel Kahneman
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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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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The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
Daniel Kahneman
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman
We can be blind to the obvious, and we are also blind to our blindness.
Daniel Kahneman
There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
Daniel Kahneman
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
Daniel Kahneman
The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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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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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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