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People have little idea, by and large, of the investment world. They are convinced they have an advantage.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Advantage
Idea
Money
Littles
Ideas
Little
Investment
World
Convinced
People
Large
More quotes by Daniel Kahneman
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.
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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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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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Hindsight bias makes surprises vanish.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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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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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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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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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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Slow thinking has the feeling of something you do. It's deliberate.
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We're generally overconfident in our opinions and our impressions and judgments.
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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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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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
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Political columnists and sports pundits are rewarded for being overconfident.
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