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
In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer… — Daniel Kahneman Copy Share Image
People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and… — Daniel Kahneman Copy Share Image
To better avoid errors, you should talk to people who disagree with you and you should talk to people who are not… — Daniel Kahneman Copy Share Image
After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact,… — Daniel Kahneman Copy Share Image
The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will… — 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
You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting… — Daniel Kahneman Copy Share Image
We were required to predict a soldier's performance in officer training and in combat, but we did so by evaluating his behavior… — Daniel Kahneman Copy Share Image
To know whether you can trust a particular intuitive judgment, there are two questions you should ask: Is the environment in which… — 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
