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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
Take
Intuitions
Intuition
Value
Face
Values
Faces

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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
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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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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
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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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Groups tend to be more extreme than individuals.
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There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
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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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The dominance of conclusions over arguments is most pronounced where emotions are involved.
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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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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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Political columnists and sports pundits are rewarded for being overconfident.
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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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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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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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There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
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Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.
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I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.
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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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