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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
Feelings
Something
Thinking
Deliberate
Slow
Feeling
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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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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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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It was always assumed I would be a professor. I grew up thinking it.
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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
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Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.
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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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Most people are highly optimistic most of the time.
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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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You're surprised by something, but you don't really know what surprised you you recognize someone, but you don't really know what cues cause you to recognize that person.
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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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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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If individuals are rational, there is no need to protect them against their own choices.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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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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A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
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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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