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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
Enjoy
Look
Looks
Retire
Retiring
Active
Forward
Internet
More quotes by Daniel Kahneman
The most effortful forms of slow thinking are those that require you to think fast.
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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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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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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
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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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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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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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If individuals are rational, there is no need to protect them against their own choices.
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Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.
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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
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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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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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We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
Daniel Kahneman