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I enjoy being active, but I look forward to the day when I can retire to the Internet.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Forward
Internet
Enjoy
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More quotes by Daniel Kahneman
It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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We're generally overconfident in our opinions and our impressions and judgments.
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We are far too willing to reject the belief that much of what we see in life is random.
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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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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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Hindsight bias makes surprises vanish.
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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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Most people are highly optimistic most of the time.
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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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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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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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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 dominance of conclusions over arguments is most pronounced where emotions are involved.
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Individual investors predictably flock to stocks in companies that are in the news.
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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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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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Money does not buy you happiness, but lack of money certainly buys you misery.
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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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