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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
Decision
Lest
Make
Associates
People
Fairly
Quickly
Decisions
Indecisive
Perception
Decisiveness
Leadership
Pushes
Seen
Associate
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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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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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The most effortful forms of slow thinking are those that require you to think fast.
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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.
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Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.
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Political columnists and sports pundits are rewarded for being overconfident.
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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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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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There are some conditions where you have to trust your intuition.
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