Quote

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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Think
Experienced
Thinking
Satisfaction
Life
Happiness
Happy
Feelings
Remember
Refers
Live
Remembering
Self
Contrast

More quotes by Daniel Kahneman

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If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
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I'm not a great believer in self-help.
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It was always assumed I would be a professor. I grew up thinking it.
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I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
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I have always emphasized the willingness to discard.
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You should not take your intuitions at face value.
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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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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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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.
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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.
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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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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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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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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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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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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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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