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Survival prospects are poor for an animal that is not suspicious of novelty.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Survival
Animal
Poor
Prospects
Novelty
Suspicious

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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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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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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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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The easiest way to increase happiness is to control your use of time.
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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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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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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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Hindsight bias makes surprises vanish.
Daniel Kahneman
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If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
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Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
Daniel Kahneman
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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
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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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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
Daniel Kahneman
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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
Daniel Kahneman