Different Quote by Daniel Kahneman

“Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception.”

Daniel Kahneman

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Different Doubt Groups Incentives Internals Marketplace May Perceive Perception Reality Remember Rewards Risk Risk and reward Shapes

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Economists think about what people ought to do. Psychologists watch what they actually do.

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“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.”

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“For example, I recently came to doubt my long-held impression that adultery is more common among politicians than among physicians or lawyers.”

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Survival prospects are poor for an animal that is not suspicious of novelty.

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“the idea of money primes individualism: a reluctance to be involved with others, to depend on others, or to accept demands from others.”

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Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long;…

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“knowing little makes it easier to fit everything you know into a coherent pattern.”

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Experts don't know exactly where the boundaries of their expertise are.

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