Decision making Quote by Daniel Kahneman

“Prospect theory could be valuable in situations of bargaining and negotiation. For example, when one party makes a concession, their utility impact is higher…

— Rich Jolly

One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking.

— Daniel Kahneman

“The second bias, known as prospect theory, tells us that loss and gain are not measured equally. Losing $100, say, feels worse than gaining…

— Michael Bungay Stanier

Investors believe in the best possible outcome.

— James Cook

prospect, n. An outlook, usually forbidding. An expectation, usually forbidden.

— Ambrose Bierce

It's important to understand how people perceive risk, and how that translates into investment behavior.

— Andrew Lo

The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less…

— John Maynard Keynes

“An intelligent investor sees an opportunity in dip than risk.”

— Mohith Agadi

While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to…

— John C. Bogle

One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and perceiving the…

— Michael Steinhardt

“An objective financial mindset promotes a careful and balanced approach to investing, avoiding the emotional biases that can disrupt even the best financial plans.…

— Tammy Trenta

In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

— Seth Klarman