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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

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Even
Reliable
Make
Feedback
People
Intuitive
Relevant
Likely
Willing
Wrong
Diagnoses
Often
Diagnosis

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Most things that couples disagree upon aren't worth more than a day's combat.
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Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
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Individual investors predictably flock to stocks in companies that are in the news.
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We can be blind to the obvious, and we are also blind to our blindness.
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The concept of happiness has to be reorganised.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
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Money does not buy you happiness, but lack of money certainly buys you misery.
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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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I have always emphasized the willingness to discard.
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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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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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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 are really happier with friends than they are with their families or their spouse or their child.
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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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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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The most effortful forms of slow thinking are those that require you to think fast.
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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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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.
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