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I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Making
Sleeping
House
List
Without
Lists
Would
Intuition
People
Improve
Car
Probably
Intuitions
Sleep
Advise
More quotes by Daniel Kahneman
All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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Most people are highly optimistic most of the time.
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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
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We can be blind to the obvious, and we are also blind to our blindness.
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You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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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.
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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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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.
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Individual investors predictably flock to stocks in companies that are in the news.
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Often, the most enjoyable part of an activity is the anticipation.
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Groups tend to be more extreme than individuals.
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One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.
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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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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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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.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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