Quote

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

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
Feels
Likely
Needs
Decisions
Way
Policy
Think
Already
Thinking
Decision
Sociology
Like
Need
Normally
People
Right
Makers
Feel
Psychology

More quotes by Daniel Kahneman

Image
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.
Daniel Kahneman
Image
Most things that couples disagree upon aren't worth more than a day's combat.
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
I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
Daniel Kahneman
Image
Experts don't know exactly where the boundaries of their expertise are.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
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 have always emphasized the willingness to discard.
Daniel Kahneman
Image
Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
Daniel Kahneman
Image
This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
Daniel Kahneman
Image
Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
Daniel Kahneman
Image
We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
Daniel Kahneman
Image
When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
Daniel Kahneman
Image
Laziness is built deep into our nature.
Daniel Kahneman
Image
Individual investors predictably flock to stocks in companies that are in the news.
Daniel Kahneman
Image
Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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
If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
Daniel Kahneman
Image
We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
Daniel Kahneman