“The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid… — Daniel Kahneman Copy Share Image
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure.… — Daniel Kahneman Copy Share Image
“In a later chapter he describes a massive failure of intuition: Americans elected President Harding, whose only qualification for the position was… — Daniel Kahneman Copy Share Image
“Consumers have a hunger for a clear message about the determinants of success and failure in business, and they need stories that… — Daniel Kahneman Copy Share Image
“The main benefit of optimism is resilience in the face of setback.” — Daniel Kahneman Copy Share Image
“Jumping to conclusions is efficient if the conclusions are likely to be correct and the costs of an occasional mistake acceptable. Jumping… — Daniel Kahneman Copy Share Image
“Maintaining one’s vigilance against biases is a chore—but the chance to avoid a costly mistake is sometimes worth the effort.” — Daniel Kahneman Copy Share Image
“The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid… — Daniel Kahneman Copy Share Image
“Because it is much easier, as well as far more enjoyable, to identify and label the mistakes of others than to recognize… — Daniel Kahneman Copy Share Image
A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a… — Daniel Kahneman Copy Share Image
I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet… — Daniel Kahneman Copy Share Image
“time meet a patient who shares a disturbing tale of multiple mistakes in his previous treatment. He has been seen by several… — Daniel Kahneman Copy Share Image
Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean… — Daniel Kahneman Copy Share Image
“I tend to view the occasional failures of algorithms as opportunities to improve them. On the other hand, I find more pleasure… — Daniel Kahneman Copy Share Image
In essence, the optimistic style involves taking credit for successes but little blame for failures. — Daniel Kahneman Copy Share Image
True intuitive expertise is learned from prolonged experience with good feedback on mistakes. — Daniel Kahneman Copy Share Image
If people are failing, they look inept. If people are succeeding, they look strong and good and competent. That's the 'halo effect.'… — Daniel Kahneman Copy Share Image
We're beautiful devices. The devices work well; we're all experts in what we do. But when the mechanism fails, those failures can… — Daniel Kahneman Copy Share Image
“The mistake that people make in the focusing illusion involves attention to selected moments and neglect of what happens at other times.… — Daniel Kahneman Copy Share Image
Economists think about what people ought to do. Psychologists watch what they actually do. — Daniel Kahneman Copy Share Image
“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 Image
“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.” — Daniel Kahneman Copy Share Image
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 Image
“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 Image
“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 Image
Survival prospects are poor for an animal that is not suspicious of novelty. — Daniel Kahneman Copy Share Image
“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 Image
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 Image
“knowing little makes it easier to fit everything you know into a coherent pattern.” — Daniel Kahneman Copy Share Image
Experts don't know exactly where the boundaries of their expertise are. — Daniel Kahneman Copy Share Image
