The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich. — Daniel Kahneman Copy Share Image
“Anthony’s current wealth is 1 million. Betty’s current wealth is 4 million. They are both offered a choice between a gamble and… — Daniel Kahneman Copy Share Image
“People who buy lottery tickets in vast amounts show themselves willing to pay much more than expected value for very small chances… — Daniel Kahneman Copy Share Image
“To appreciate the asymmetry between the possibility effect and the certainty effect, imagine first that you have a 1% chance to win… — Daniel Kahneman Copy Share Image
“The unsurprising idea that luck often contributes to success has surprising consequences when we apply it to the first two days of… — Daniel Kahneman Copy Share Image
Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less… — Daniel Kahneman Copy Share Image
“luck plays a large role in every story of success; it is almost always easy to identify a small change in the… — 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
