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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

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Taking
Risk
Differences
Bigs
Odds
Means
Willingness
Take
Optimistic
Mean
Courage
Difference

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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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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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.
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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.
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I have always emphasized the willingness to discard.
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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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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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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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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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Individual investors predictably flock to stocks in companies that are in the news.
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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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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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If individuals are rational, there is no need to protect them against their own choices.
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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