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You should not take your intuitions at face value.
Daniel Kahneman
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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Face
Values
Faces
Take
Intuitions
Intuition
Value
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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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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
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We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
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When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
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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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There are some conditions where you have to trust your intuition.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
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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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Most things that couples disagree upon aren't worth more than a day's combat.
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If individuals are rational, there is no need to protect them against their own choices.
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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 exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence.
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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.
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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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The amount of success it takes for leaders to become overconfident isn't terribly large.
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It was always assumed I would be a professor. I grew up thinking it.
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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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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.
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