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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
View
Hold
Unitary
Views
Fallible
Happiness
Estimate
True
Proposed
Used
Experienced
Matter
Satisfaction
Life
Matters
More quotes by Daniel Kahneman
Experts don't know exactly where the boundaries of their expertise are.
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Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.
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Slow thinking has the feeling of something you do. It's deliberate.
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Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
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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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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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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.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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An individual who expresses high confidence probably has a good story, which may or may not be true.
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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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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
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Most people are highly optimistic most of the time.
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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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... 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.
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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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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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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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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
Daniel Kahneman
