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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
Sleep
Advise
Making
Sleeping
House
List
Without
Lists
Would
Intuition
People
Improve
Car
Probably
Intuitions

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... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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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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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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Money does not buy you happiness, but lack of money certainly buys you misery.
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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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The easiest way to increase happiness is to control your use of time.
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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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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 are far too willing to reject the belief that much of what we see in life is random.
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It was always assumed I would be a professor. I grew up thinking it.
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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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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
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If individuals are rational, there is no need to protect them against their own choices.
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Survival prospects are poor for an animal that is not suspicious of novelty.
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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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Often, the most enjoyable part of an activity is the anticipation.
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