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An individual who expresses high confidence probably has a good story, which may or may not be true.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Story
Individual
True
Stories
May
Expresses
Good
Confidence
Probably
High
More quotes by Daniel Kahneman
It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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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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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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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 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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We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive.
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If individuals are rational, there is no need to protect them against their own choices.
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We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
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Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.
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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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Laziness is built deep into our nature.
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We can be blind to the obvious, and we are also blind to our blindness.
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The concept of happiness has to be reorganised.
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When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.
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It was always assumed I would be a professor. I grew up thinking it.
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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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All of us would be better investors if we just made fewer decisions.
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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
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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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