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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Action
Regular
Requires
Unequivocal
Actions
Rapid
Skills
Correctness
Thoughts
Rapids
Environment
Acquisition
Practice
Feedback
Opportunity
Adequate
More quotes by Daniel Kahneman
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.
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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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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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There are some conditions where you have to trust your intuition.
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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 amount of success it takes for leaders to become overconfident isn't terribly large.
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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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You should not take your intuitions at face value.
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People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce 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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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We can be blind to the obvious, and we are also blind to our blindness.
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The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
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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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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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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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I have always emphasized the willingness to discard.
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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.
Daniel Kahneman