“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the… — 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… — Daniel Kahneman Copy Share Image
It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness. — Daniel Kahneman Copy Share Image
“living in a culture that surrounds us with reminders of money may shape our behavior and our attitudes in ways that we… — 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… — Daniel Kahneman Copy Share Image
“Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakable… — 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
When people evaluate their life, they compare themselves to a standard of what a successful life is, and it turns out that… — Daniel Kahneman Copy Share Image
The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in… — Daniel Kahneman Copy Share Image
Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed… — Daniel Kahneman Copy Share Image
“Money-primed people become more independent than they would be without the associative trigger. They persevered almost twice as long in trying to… — Daniel Kahneman Copy Share Image
“participants were told that they would shortly have a get-acquainted conversation with another person and were asked to set up two chairs… — Daniel Kahneman Copy Share Image
Money does not buy you happiness, but lack of money certainly buys you misery. — Daniel Kahneman Copy Share Image
People have little idea, by and large, of the investment world. They are convinced they have an advantage. — 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
Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that,… — Daniel Kahneman Copy Share Image
Yes, there is a burden of financial insecurity. I don't think you find it in mood. Income is correlated with life satisfaction,… — Daniel Kahneman Copy Share Image
If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding -… — Daniel Kahneman Copy Share Image
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than… — 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
