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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Health
Economists
Clear
Researchers
Whether
Measurement
Also
Economist
Correlates
Wells
Primarily
Indices
Well
Subjective
Validate
Going
Response
Physiological
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Responses

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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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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.
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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.
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The most effortful forms of slow thinking are those that require you to think fast.
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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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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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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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All of us would be better investors if we just made fewer decisions.
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Groups tend to be more extreme than individuals.
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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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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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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.
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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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