Quote

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.

Daniel Kahneman

Change background

T
T
T

Change font

TAGS & TOPICS

Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Ideas
Travel
Contemplating
Even
Losing
Insurance
Like
Loss
Policies
People
Terrible
Buying
Policy
Absurd
Small
Totally
Idea
Including
Compensate
Hate
Air
Contemplate

More quotes by Daniel Kahneman

Image
An individual who expresses high confidence probably has a good story, which may or may not be true.
Daniel Kahneman
Image
We are far too willing to reject the belief that much of what we see in life is random.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
Most people are highly optimistic most of the time.
Daniel Kahneman
Image
Hindsight bias makes surprises vanish.
Daniel Kahneman
Image
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
Daniel Kahneman
Image
True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
Daniel Kahneman
Image
All of us would be better investors if we just made fewer decisions.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
Daniel Kahneman
Image
The effort invested in 'getting it right' should be commensurate with the importance of the decision.
Daniel Kahneman
Image
Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification.
Daniel Kahneman
Image
If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
Daniel Kahneman
Image
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
Image
It was always assumed I would be a professor. I grew up thinking it.
Daniel Kahneman
Image
Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
Daniel Kahneman
Image
When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
Daniel Kahneman
Image
That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
Daniel Kahneman
Image
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
Daniel Kahneman
Image
Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
Daniel Kahneman