All of us would be better investors if we just made fewer decisions. — Daniel Kahneman Copy Share Image
One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking. — Daniel Kahneman Copy Share Image
The effort invested in 'getting it right' should be commensurate with the importance of the decision. — Daniel Kahneman Copy Share Image
Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that. — Daniel Kahneman Copy Share Image
When you are under time pressure for a decision, you need to follow intuition. — Daniel Kahneman Copy Share Image
Spend some effort in figuring out why each decision did or did not pan out. Doing that systematically is key: really try… — Daniel Kahneman Copy Share Image
My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they… — Daniel Kahneman Copy Share Image
“The expectation of intelligent gossip is a powerful motive for serious self-criticism, more powerful than New Year resolutions to improve one's decision… — Daniel Kahneman Copy Share Image
We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering… — Daniel Kahneman Copy Share Image
“Many decisions are based on beliefs concerning the likelihood of uncertain events such as the outcome of an election, the guilt of… — Daniel Kahneman Copy Share Image
When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of… — Daniel Kahneman Copy Share Image
“it’s clear now that there are three cognitive features at the heart of prospect theory. They play an essential role in the… — Daniel Kahneman Copy Share Image
I think one of the major results of the psychology of decision making is that people's attitudes and feelings about losses and… — Daniel Kahneman Copy Share Image
“How do people make the judgments and how do they assign decision weights? We start from two simple answers, then qualify them.… — Daniel Kahneman Copy Share Image
We think, each of us, that we're much more rational than we are. And we think that we make our decisions because… — Daniel Kahneman Copy Share Image
“Richard Thaler tells of a discussion about decision making he had with the top managers of the 25 divisions of a large… — Daniel Kahneman Copy Share Image
“Whatever else it produces, an organization is a factory that manufactures judgments and decisions. Every factory must have ways to ensure the… — Daniel Kahneman Copy Share Image
“Differences between experts and the public are explained in part by biases in lay judgments, but Slovic draws attention to situations in… — Daniel Kahneman Copy Share Image
“Absorbingly articulate and infinitely intelligent . . . There is nothing pop about Kahneman's psychology, no formulaic story arc, no beating you… — Daniel Kahneman Copy Share Image
Economists think about what people ought to do. Psychologists watch what they actually do. — Daniel Kahneman Copy Share
“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between… — Daniel Kahneman Copy Share
“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.” — Daniel Kahneman Copy Share
The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even… — Daniel Kahneman Copy Share
“So this is my aim for watercooler conversations: improve the ability to identify and understand errors of judgment and choice, in others and eventually… — Daniel Kahneman Copy Share
“For example, I recently came to doubt my long-held impression that adultery is more common among politicians than among physicians or lawyers.” — Daniel Kahneman Copy Share
Survival prospects are poor for an animal that is not suspicious of novelty. — Daniel Kahneman Copy Share
“the idea of money primes individualism: a reluctance to be involved with others, to depend on others, or to accept demands from others.” — Daniel Kahneman Copy Share
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long;… — Daniel Kahneman Copy Share
“knowing little makes it easier to fit everything you know into a coherent pattern.” — Daniel Kahneman Copy Share
“The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid significant mistakes… — Daniel Kahneman Copy Share
“A happy mood loosens the control of System 2 over performance: when in a good mood, people become more intuitive and more creative but… — Daniel Kahneman Copy Share
