Daniel Kahneman Quotes
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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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People are really happier with friends than they are with their families or their spouse or their child.
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He weights losses about twice as much as gains, which is normal.
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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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Through some combination of culture and biology, our minds are intuitively receptive to religion.
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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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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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The experiencing self lives its life continuously. It has moments of experience, one after the other.
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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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It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
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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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Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
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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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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 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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One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.
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Slow thinking has the feeling of something you do. It's deliberate.
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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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When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
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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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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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It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
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If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding - you tend to be very risk-averse. When you think in terms of wealth, you tend to be much less risk-averse.
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Suppose you like someone very much. Then, by a familiar halo effect, you will also be prone to believe many good things about that person - you will be biased in their favor. Most of us like ourselves very much, and that suffices to explain self-assessments that are biased in a particular direction.