Daniel Kahneman Quotes

158 quotes in 1877 categories

• Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
• If there is time to reflect, slowing down is likely to be a good idea.
• It's not a case of: 'Read this book and then you'll think differently. I've written this book, and I don't think differently.
• Political columnists and sports pundits are rewarded for being overconfident.
• So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
• The effort invested in 'getting it right' should be commensurate with the importance of the decision.
• We're generally overconfident in our opinions and our impressions and judgments.
• My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in…
• We have a very narrow view of what is going on.
• There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that…
• Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
• All of us would be better investors if we just made fewer decisions.
• Alternative descriptions of the same reality evoke different emotions and different associations.
• Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
• Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.
• Economists think about what people ought to do. Psychologists watch what they actually do.
• Hindsight bias makes surprises vanish.
• I have always emphasized the willingness to discard.
• If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
• In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

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