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A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Differences
Portion
Friends
Explained
Family
Portions
Time
Weekend
Spent
Large
Effects
Weekdays
Amount
Weekends
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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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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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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I'm not a great believer in self-help.
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Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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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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Money does not buy you happiness, but lack of money certainly buys you misery.
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I have always emphasized the willingness to discard.
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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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Laziness is built deep into our nature.
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