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The concept of happiness has to be reorganised.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Concept
Concepts
Happiness

More quotes by Daniel Kahneman

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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.
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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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Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
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Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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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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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I have always emphasized the willingness to discard.
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If individuals are rational, there is no need to protect them against their own choices.
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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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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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People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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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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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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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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It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.
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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
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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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Individual investors predictably flock to stocks in companies that are in the news.
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