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One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Sense
Past
Better
Thing
Things
Volatility
Progress
Getting
Lost

More quotes by Daniel Kahneman

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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
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Most people are highly optimistic most of the time.
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The concept of happiness has to be reorganised.
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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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Individual investors predictably flock to stocks in companies that are in the news.
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You should not take your intuitions at face value.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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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.
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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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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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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.
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Slow thinking has the feeling of something you do. It's deliberate.
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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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We are far too willing to reject the belief that much of what we see in life is random.
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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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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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