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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
Like
Stranger
Seem
Living
Seems
Remember
Doe
Remembering
May
Experiencing
Self
Odd

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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
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The concept of happiness has to be reorganised.
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I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
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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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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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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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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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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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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
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There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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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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Most things that couples disagree upon aren't worth more than a day's combat.
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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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I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
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Individual investors predictably flock to stocks in companies that are in the news.
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