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Intelligence is not only the ability to reason it is also the ability to find relevant material in memory and to deploy attention when needed.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Needed
Memories
Attention
Deploy
Ability
Relevant
Also
Material
Reason
Memory
Find
Intelligence
Materials

More quotes by Daniel Kahneman

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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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Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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I'm not a great believer in self-help.
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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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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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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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The most effortful forms of slow thinking are those that require you to think fast.
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Most people are highly optimistic most of the time.
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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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Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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All of us would be better investors if we just made fewer decisions.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
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Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
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Laziness is built deep into our nature.
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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.
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