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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Remember
Doe
Remembering
May
Experiencing
Self
Odd
Like
Stranger
Seem
Living
Seems
More quotes by Daniel Kahneman
What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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An individual who expresses high confidence probably has a good story, which may or may not be true.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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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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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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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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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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Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.
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I have always emphasized the willingness to discard.
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Often, the most enjoyable part of an activity is the anticipation.
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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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All of us would be better investors if we just made fewer decisions.
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We are far too willing to reject the belief that much of what we see in life is random.
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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.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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Political columnists and sports pundits are rewarded for being overconfident.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.
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