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

Daniel Kahneman

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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

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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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There are some conditions where you have to trust your intuition.
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People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.
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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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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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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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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.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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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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When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.
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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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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 are far too willing to reject the belief that much of what we see in life is random.
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People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
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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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It was always assumed I would be a professor. I grew up thinking it.
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We're generally overconfident in our opinions and our impressions and judgments.
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The easiest way to increase happiness is to control your use of time.
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Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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