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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
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Way
Dogs
Things
Machine
Cat
Tables
Associations
Machines
Harvard
Dog
Cats
Works
Professors
Mind
Association
More quotes by Daniel Kahneman
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.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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We can be blind to the obvious, and we are also blind to our blindness.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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Most people are highly optimistic most of the time.
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Individual investors predictably flock to stocks in companies that are in the news.
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Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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Hindsight bias makes surprises vanish.
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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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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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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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People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.
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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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Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
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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.
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