Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Study
Attributes
Age
Extreme
Made
Mostly
Thinking
Extremes
Prone
Planning
Fallacy
Except
Attribute
Effects
Predictions
Issues
Intuitive

More quotes by Daniel Kahneman

Image
It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
Daniel Kahneman
Image
A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
Daniel Kahneman
Image
Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
Daniel Kahneman
Image
I enjoy being active, but I look forward to the day when I can retire to the Internet.
Daniel Kahneman
Image
A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
Daniel Kahneman
Image
When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
Daniel Kahneman
Image
Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
Daniel Kahneman
Image
Our memory tells us stories, that is, what we get to keep from our experiences is a story.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
The easiest way to increase happiness is to control your use of time.
Daniel Kahneman
Image
... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
Daniel Kahneman
Image
People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
Daniel Kahneman
Image
Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
Daniel Kahneman
Image
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
Image
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
Daniel Kahneman
Image
We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
Daniel Kahneman