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Slow thinking has the feeling of something you do. It's deliberate.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Deliberate
Slow
Feeling
Feelings
Something
Thinking
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.
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It was always assumed I would be a professor. I grew up thinking it.
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Most things that couples disagree upon aren't worth more than a day's combat.
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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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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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Individual investors predictably flock to stocks in companies that are in the news.
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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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Intelligence is not only the ability to reason it is also the ability to find relevant material in memory and to deploy attention when needed.
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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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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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The concept of happiness has to be reorganised.
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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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