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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
Retire
Retiring
Active
Forward
Internet
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More quotes by Daniel Kahneman
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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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
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Groups tend to be more extreme than individuals.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
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You should not take your intuitions at face value.
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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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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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Political columnists and sports pundits are rewarded for being overconfident.
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Experts don't know exactly where the boundaries of their expertise are.
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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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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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The amount of success it takes for leaders to become overconfident isn't terribly large.
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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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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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Most people are highly optimistic most of the time.
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