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Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Thinking
Decision
Sociology
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More quotes by Daniel Kahneman

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Groups tend to be more extreme than individuals.
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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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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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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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The most effortful forms of slow thinking are those that require you to think fast.
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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.
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There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
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Laziness is built deep into our nature.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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It was always assumed I would be a professor. I grew up thinking it.
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We are far too willing to reject the belief that much of what we see in life is random.
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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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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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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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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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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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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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