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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Follow
Scenarios
Usually
Outcome
Plans
Outcomes
Cases
Assume
Best
Planning
Better
Assuming
Even
Plan
Scenario
Make
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Fallacy

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The easiest way to increase happiness is to control your use of time.
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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.
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Most things that couples disagree upon aren't worth more than a day's combat.
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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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Slow thinking has the feeling of something you do. It's deliberate.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
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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 illusion that we understand the past fosters overconfidence in our ability to predict the future.
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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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The most effortful forms of slow thinking are those that require you to think fast.
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Money does not buy you happiness, but lack of money certainly buys you misery.
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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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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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Individual investors predictably flock to stocks in companies that are in the news.
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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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