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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Automatic
Influenced
Completely
Control
Things

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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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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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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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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.
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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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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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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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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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People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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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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We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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Groups tend to be more extreme than individuals.
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If individuals are rational, there is no need to protect them against their own choices.
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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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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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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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It was always assumed I would be a professor. I grew up thinking it.
Daniel Kahneman