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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Perception
Decisiveness
Leadership
Pushes
Seen
Associate
Decision
Lest
Make
Associates
People
Fairly
Quickly
Decisions
Indecisive
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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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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.
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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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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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Hindsight bias makes surprises vanish.
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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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Alternative descriptions of the same reality evoke different emotions and different associations.
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We can be blind to the obvious, and we are also blind to our blindness.
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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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Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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People are really happier with friends than they are with their families or their spouse or their child.
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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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All of us would be better investors if we just made fewer decisions.
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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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I have always emphasized the willingness to discard.
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