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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
Needs
Rational
Individuals
Protect
Choices
Individual
Need

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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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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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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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It was always assumed I would be a professor. I grew up thinking it.
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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
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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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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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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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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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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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Alternative descriptions of the same reality evoke different emotions and different associations.
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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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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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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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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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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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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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