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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
Influenced
Completely
Control
Things
Automatic

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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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You should not take your intuitions at face value.
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Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
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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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Most things that couples disagree upon aren't worth more than a day's combat.
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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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Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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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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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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We are far too willing to reject the belief that much of what we see in life is random.
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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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Groups tend to be more extreme than individuals.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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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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If individuals are rational, there is no need to protect them against their own choices.
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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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