"Economists think about what people ought to do.……" — Daniel Kahneman
"Economists think about what people ought to do. Psychologists watch what they actually do."
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Daniel Kahneman
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158 Quotes by Daniel Kahneman
Daniel Kahneman has 158 quotes on this site.
A few more worth reading:
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Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like…
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We are prone to overestimate how much we understand about the world and to underestimate the role of chance in…
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The illusion that we understand the past fosters overconfidence in our ability to predict the future.
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The most effortful forms of slow thinking are those that require you to think fast.
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However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information…
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If you care about being thought credible and intelligent, do not use complex language where simpler language will do.
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We are often confident even when we are wrong, and an objective observer is more likely to detect our errors…
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When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
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The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
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A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that…
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love…
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People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments…
See all 158 quotes by Daniel Kahneman »
More Economist Quotes
This quote is filed under Economist Quotes,
one of 281 quotes in that category. Here are a few more:
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No real English gentleman, in his secret soul, was ever sorry for the death of a political economist.
— Walter Bagehot
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Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you…
— Michael Bloomberg
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Economists, like royal children, are not punished for their errors.
— James Buchan
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But the age of chivalry is gone. That of sophisters, economists, and calculators has succeeded; and the glory of Europe…
— Edmund Burke
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You do not have to be an economist to know that putting up the cost of employing someone is a…
— David Cameron
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Teach a parrot the terms 'supply and demand' and you've got an economist.
— Thomas Carlyle
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Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed…
— Noam Chomsky
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Everything is possible, from angels to demons to economists and politicians.
— Paulo Coelho
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The Economist is undoubtedly the smartest weekly newsmagazine in the English language. I always look forward to its quirky year-end…
— Eric Alterman
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Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next…
— Barack Obama
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This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set…
— John Maynard Keynes
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He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first…
— Ludwig von Mises
See all 281 Economist Quotes »