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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
Living
Seems
Remember
Doe
Remembering
May
Experiencing
Odd
Self
Stranger
Like
Seem
More quotes by Daniel Kahneman
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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Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
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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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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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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
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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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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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Hindsight bias makes surprises vanish.
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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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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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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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Survival prospects are poor for an animal that is not suspicious of novelty.
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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
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If individuals are rational, there is no need to protect them against their own choices.
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
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I'm not a great believer in self-help.
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The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
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