Daniel Kahneman Quotes

158 quotes in 1877 categories

• Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.
• We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.
• The illusion that we understand the past fosters overconfidence in our ability to predict the future.
• The most effortful forms of slow thinking are those that require you to think fast.
• However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth…
• If you care about being thought credible and intelligent, do not use complex language where simpler language will do.
• We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.
• When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
• The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
• A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt…
• It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
• People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
• Individual investors predictably flock to stocks in companies that are in the news.
• Groups tend to be more extreme than individuals.
• Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed…
• We don’t choose between experiences, we choose between memories of experiences. Even when we think about the future, we don’t think of our future normally…
• Survival prospects are poor for an animal that is not suspicious of novelty.
• Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an…
• Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
• We are far too willing to reject the belief that much of what we see in life is random.

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