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We are far too willing to reject the belief that much of what we see in life is random.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Random
Reject
Rejects
Willing
Belief
Much
Life
More quotes by Daniel Kahneman
We're generally overconfident in our opinions and our impressions and judgments.
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The easiest way to increase happiness is to control your use of time.
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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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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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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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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.
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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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We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
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There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
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Groups tend to be more extreme than individuals.
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Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
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Political columnists and sports pundits are rewarded for being overconfident.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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Often, the most enjoyable part of an activity is the anticipation.
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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.
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