Quote

People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.

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
Existence
Induce
Call
Exaggerate
Something
Fallacy
People
Tends
Planning
Plan
Confidence
Plans

More quotes by Daniel Kahneman

Image
My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
Daniel Kahneman
Image
Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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
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.
Daniel Kahneman
Image
People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
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
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.
Daniel Kahneman
Image
Slow thinking has the feeling of something you do. It's deliberate.
Daniel Kahneman
Image
You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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
It was always assumed I would be a professor. I grew up thinking it.
Daniel Kahneman
Image
A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
Daniel Kahneman
Image
The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
Daniel Kahneman
Image
That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
Daniel Kahneman
Image
The concept of happiness has to be reorganised.
Daniel Kahneman
Image
Money does not buy you happiness, but lack of money certainly buys you misery.
Daniel Kahneman
Image
Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
Daniel Kahneman
Image
An individual who expresses high confidence probably has a good story, which may or may not be true.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
Political columnists and sports pundits are rewarded for being overconfident.
Daniel Kahneman