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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Policy
Elderly
Suffering
Reduce
Loneliness
Others
Clearly
Would
Certainly
Like
Poverty
Emotional
Source
More quotes by Daniel Kahneman
All of us would be better investors if we just made fewer decisions.
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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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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.
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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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.
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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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Laziness is built deep into our nature.
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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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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.
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There are some conditions where you have to trust your intuition.
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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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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
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