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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
Experiments
Aim
Psychologists
Scientist
Elaborate
White
Psychologist
Stuff
Coat
Running
Coats
Really
Statistics
Scientists

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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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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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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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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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We are far too willing to reject the belief that much of what we see in life is random.
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All of us would be better investors if we just made fewer decisions.
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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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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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I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
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... 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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Money does not buy you happiness, but lack of money certainly buys you misery.
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There are some conditions where you have to trust your intuition.
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Political columnists and sports pundits are rewarded for being overconfident.
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People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
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Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification.
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When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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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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We're generally overconfident in our opinions and our impressions and judgments.
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