Quote

Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Living
Seems
Remember
Doe
Remembering
May
Experiencing
Self
Odd
Like
Stranger
Seem

More quotes by Daniel Kahneman

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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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Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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We're generally overconfident in our opinions and our impressions and judgments.
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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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I have always emphasized the willingness to discard.
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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'm not a great believer in self-help.
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The concept of happiness has to be reorganised.
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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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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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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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The easiest way to increase happiness is to control your use of time.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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.
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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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