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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
Well
Grounded
Feel
Regardless
Feels
Confident
People
Story
Simple
Reality
Coherent
Stories
Construct
Wells
Constructs

More quotes by Daniel Kahneman

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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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The easiest way to increase happiness is to control your use of time.
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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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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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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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Alternative descriptions of the same reality evoke different emotions and different associations.
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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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I'm not a great believer in self-help.
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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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Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
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It was always assumed I would be a professor. I grew up thinking it.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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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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We are far too willing to reject the belief that much of what we see in life is random.
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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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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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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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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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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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