Quote

If individuals are rational, there is no need to protect them against their own choices.

Daniel Kahneman

Change background

T
T
T

Change font

TAGS & TOPICS

Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Individual
Need
Needs
Rational
Individuals
Protect
Choices

More quotes by Daniel Kahneman

Image
We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
Daniel Kahneman
Image
The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
Daniel Kahneman
Image
We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
Daniel Kahneman
Image
If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
Daniel Kahneman
Image
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
The premise of this book is that it is easier to recognize other people's mistakes than your own.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
Daniel Kahneman
Image
Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
Daniel Kahneman
Image
Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
Daniel Kahneman
Image
We are far too willing to reject the belief that much of what we see in life is random.
Daniel Kahneman
Image
You should not take your intuitions at face value.
Daniel Kahneman
Image
Slow thinking has the feeling of something you do. It's deliberate.
Daniel Kahneman
Image
I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
Daniel Kahneman