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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
People
Judgment
Cognitively
Situation
Sexist
Choices
Judgments
Language
Superficial
Use
Situations
Social
Selfish
Also
Likely
Make
Busy
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Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.
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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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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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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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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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If individuals are rational, there is no need to protect them against their own choices.
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When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.
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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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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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