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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.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Intelligence
Produce
Ones
Heuristic
True
Heuristics
Nature
Biases
Human
Shortcuts
Humans
Artificial
Necessarily

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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
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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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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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All of us would be better investors if we just made fewer decisions.
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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.
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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.
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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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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Intelligence is not only the ability to reason it is also the ability to find relevant material in memory and to deploy attention when needed.
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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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Laziness is built deep into our nature.
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The concept of happiness has to be reorganised.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
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An individual who expresses high confidence probably has a good story, which may or may not be true.
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Hindsight bias makes surprises vanish.
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