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That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Leaders
Organization
Danger
Leader
Many
Selected
Real
Dangers
Organizations
Selection

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It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health they also want to know whether researchers can validate subjective responses with physiological indices.
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The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.
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If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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You should not take your intuitions at face value.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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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's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
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All of us would be better investors if we just made fewer decisions.
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After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
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Groups tend to be more extreme than individuals.
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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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The concept of happiness has to be reorganised.
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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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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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By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
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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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Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
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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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Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled.
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