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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.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Sound
Success
Attractive
Mind
Sounds
Investment
Recognize
Easily
Failure
Chance
More quotes by Daniel Kahneman
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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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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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
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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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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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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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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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People are really happier with friends than they are with their families or their spouse or their child.
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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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It was always assumed I would be a professor. I grew up thinking it.
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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.
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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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Most people are highly optimistic most of the time.
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Slow thinking has the feeling of something you do. It's deliberate.
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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
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We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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The premise of this book is that it is easier to recognize other people's mistakes than your own.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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