“Social psychology comes into the picture here, because the answer that a truthful CFO would offer is plainly ridiculous. A CFO who… — Daniel Kahneman Copy Share Image
We're not aware of changing our minds even when we do change our minds. And most people, after they change their minds,… — Daniel Kahneman Copy Share Image
“Consider the following: “Will Mindik be a good leader? She is intelligent and strong…” An answer quickly came to your mind, and… — Daniel Kahneman Copy Share Image
“To teach students any psychology they did not know before, you must surprise them. But which surprise will do? Nisbett and Borgida… — Daniel Kahneman Copy Share Image
“...the characters are useful because of some quirks of our minds, yours and mine. A sentence is understood more easily if it… — 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
People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents… — Daniel Kahneman Copy Share Image
We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to… — Daniel Kahneman Copy Share Image
“The most surprising discovery made by Baumeister’s group shows, as he puts it, that the idea of mental energy is more than… — Daniel Kahneman Copy Share Image
“all variants of voluntary effort—cognitive, emotional, or physical—draw at least partly on a shared pool of mental energy.” — Daniel Kahneman Copy Share Image
“System 1 operates automatically and quickly, with little or no effort and no sense of voluntary control. System 2 allocates attention to… — Daniel Kahneman Copy Share Image
“automatic functions of System 1, but they depend on the allocation of some attention to the relevant stimulus. The authors note that… — Daniel Kahneman Copy Share Image
“People adjust less (stay closer to the anchor) when their mental resources are depleted, either because their memory is loaded with digits… — 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 characters are useful because of some quirks of our minds, yours and mine. A sentence is understood more easily if it… — Daniel Kahneman Copy Share Image
“My experience is that I can think while strolling but cannot engage in mental work that imposes a heavy load on short-term… — 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
Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to… — Daniel Kahneman Copy Share Image
“Stanovich argues that high intelligence does not make people immune to biases. Another ability is involved, which he labels rationality. Stanovich’s concept… — Daniel Kahneman Copy Share Image
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics. — Daniel Kahneman Copy Share Image
People tend to assess the relative importance of issues by the ease with which they are retrieved from memory—and this is largely… — 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