Quote

The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
People
Measure
Confidence
Evidence
Quality
Coherence
Belief
Construct
Story
Constructs
Stories
Managed
Mind
Beliefs

More quotes by Daniel Kahneman

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Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification.
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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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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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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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 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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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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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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Individual investors predictably flock to stocks in companies that are in the news.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled.
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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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It was always assumed I would be a professor. I grew up thinking it.
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