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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
Human
Shortcuts
Humans
Artificial
Necessarily
Intelligence
Produce
Ones
Heuristic
True
Heuristics
Nature
Biases

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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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An individual who expresses high confidence probably has a good story, which may or may not be true.
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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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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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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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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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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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