Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
Daniel Kahneman
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Take
Optimistic
Mean
Courage
Difference
Taking
Risk
Differences
Bigs
Odds
Means
Willingness
More quotes by Daniel Kahneman
The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.
Daniel Kahneman
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.
Daniel Kahneman
When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
Daniel Kahneman
Experts don't know exactly where the boundaries of their expertise are.
Daniel Kahneman
Groups tend to be more extreme than individuals.
Daniel Kahneman
People are really happier with friends than they are with their families or their spouse or their child.
Daniel Kahneman
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman
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
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.
Daniel Kahneman
An individual who expresses high confidence probably has a good story, which may or may not be true.
Daniel Kahneman
Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
Daniel Kahneman
Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.
Daniel Kahneman
Our memory tells us stories, that is, what we get to keep from our experiences is a story.
Daniel Kahneman
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
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.
Daniel Kahneman
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.
Daniel Kahneman
I enjoy being active, but I look forward to the day when I can retire to the Internet.
Daniel Kahneman
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.
Daniel Kahneman
Often, the most enjoyable part of an activity is the anticipation.
Daniel Kahneman
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.
Daniel Kahneman
