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If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
People
Story
Simple
Reality
Coherent
Stories
Construct
Wells
Constructs
Well
Grounded
Feel
Regardless
Feels
Confident

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All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
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In essence, the optimistic style involves taking credit for successes but little blame for failures.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.
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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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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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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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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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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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Alternative descriptions of the same reality evoke different emotions and different associations.
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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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Most things that couples disagree upon aren't worth more than a day's combat.
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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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Survival prospects are poor for an animal that is not suspicious of novelty.
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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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