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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Deal
Deals
Rich
Getting
Unequivocal
Great
Skill
People
Luck
Skills
Evidence

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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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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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There are some conditions where you have to trust your intuition.
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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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Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
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Often, the most enjoyable part of an activity is the anticipation.
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An individual who expresses high confidence probably has a good story, which may or may not be true.
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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.
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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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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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Most people are highly optimistic most of the time.
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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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We can be blind to the obvious, and we are also blind to our blindness.
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People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
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The concept of happiness has to be reorganised.
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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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Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow.
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If individuals are rational, there is no need to protect them against their own choices.
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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
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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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