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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
True
Stories
States
Best
Perpetual
Live
Doubt
Make
Possible
State
Story

More quotes by Daniel Kahneman

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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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The easiest way to increase happiness is to control your use of time.
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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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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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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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 illusion that we understand the past fosters overconfidence in our ability to predict the future.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.
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You should not take your intuitions at face value.
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Slow thinking has the feeling of something you do. It's deliberate.
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An individual who expresses high confidence probably has a good story, which may or may not be true.
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It was always assumed I would be a professor. I grew up thinking it.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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Political columnists and sports pundits are rewarded for being overconfident.
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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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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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The premise of this book is that it is easier to recognize other people's mistakes than your own.
Daniel Kahneman
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Money does not buy you happiness, but lack of money certainly buys you misery.
Daniel Kahneman