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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Memory
Memories
Story
Keep
Stories
Tells
Experiences
More quotes by Daniel Kahneman
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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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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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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The concept of happiness has to be reorganised.
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Slow thinking has the feeling of something you do. It's deliberate.
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Hindsight bias makes surprises vanish.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
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The easiest way to increase happiness is to control your use of time.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
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All of us would be better investors if we just made fewer decisions.
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There are some conditions where you have to trust your intuition.
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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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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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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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I'm not a great believer in self-help.
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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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One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.
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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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