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Experts don't know exactly where the boundaries of their expertise are.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Boundaries
Exactly
Expertise
Experts

More quotes by Daniel Kahneman

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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.
Daniel Kahneman
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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.
Daniel Kahneman
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If individuals are rational, there is no need to protect them against their own choices.
Daniel Kahneman
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Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.
Daniel Kahneman
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Individual investors predictably flock to stocks in companies that are in the news.
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People are really happier with friends than they are with their families or their spouse or their child.
Daniel Kahneman
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The concept of happiness has to be reorganised.
Daniel Kahneman
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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.
Daniel Kahneman
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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.
Daniel Kahneman
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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.
Daniel Kahneman
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If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
Daniel Kahneman
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I enjoy being active, but I look forward to the day when I can retire to the Internet.
Daniel Kahneman
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The easiest way to increase happiness is to control your use of time.
Daniel Kahneman
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We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
Daniel Kahneman
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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.
Daniel Kahneman
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We're generally overconfident in our opinions and our impressions and judgments.
Daniel Kahneman
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Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
Daniel Kahneman
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
Daniel Kahneman
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Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
Daniel Kahneman
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I have always emphasized the willingness to discard.
Daniel Kahneman