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Groups tend to be more extreme than individuals.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Tend
Groups
Individual
Extreme
Extremes
Individuals

More quotes by Daniel Kahneman

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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
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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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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
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Survival prospects are poor for an animal that is not suspicious of novelty.
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Individual investors predictably flock to stocks in companies that are in the news.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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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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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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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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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.
Daniel Kahneman
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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
Daniel Kahneman
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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.
Daniel Kahneman
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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.
Daniel Kahneman
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Laziness is built deep into our nature.
Daniel Kahneman
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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
Daniel Kahneman