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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Humans
Belief
Immediately
Much
Knowledge
Beliefs
Mind
Ability
General
Reconstruct
Believe
Past
View
Adopt
World
Part
Lose
Recall
Used
Views
Recalls
States
Changed
Imperfect
Human
Loses
Limitation

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One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.
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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
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The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.
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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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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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It was always assumed I would be a professor. I grew up thinking it.
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All of us would be better investors if we just made fewer decisions.
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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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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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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
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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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The most effortful forms of slow thinking are those that require you to think fast.
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