Daniel Kahneman Quotes
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I'm not a great believer in self-help.
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
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People who know math understand what other mortals understand, but other mortals do not understand them. This asymmetry gives them a presumption of superior ability.
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We know that the French are very different from the Americans in their satisfaction with life. They're much less satisfied. Americans are pretty high up there, while the French are quite low - the world champions in life satisfaction are actually the Danes.
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When you analyze happiness, it turns out that the way you spend your time is extremely important.
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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.
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There is research on the effects of 9/11, and you know, compared to the enormity of it, it didn't have a huge effect on people's mood. They were going about their business, mostly.
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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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He's taking an inside view. He should forget about his own case and look for what happened in other cases.
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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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The concept of happiness has to be reorganised.
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When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.
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There is no evidence that risk takers in the economic domain have an unusual appetite for gambles on high stakes; they are merely less aware of risks than more timid people are.
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True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
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We're blind to our blindness. We have very little idea of how little we know. We're not designed to know how little we know.
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It's very difficult to distinguish between what a person believes and what they say they believe.
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When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
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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.
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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
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The experiencing self lives its life continuously. It has moments of experience, one after the other.
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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.