Failure Quote by Daniel Kahneman
““Jumping to conclusions is efficient if the conclusions are likely to be correct and the costs of an occasional mistake acceptable. Jumping to conclusions is risky when the situation is unfamiliar, the stakes are high and there is no time to collect more information.””
About This Quote
Source Book: Thinking, Fast and Slow, 2011
Quick judgments can be useful when likely correct and errors cheap, but become dangerous with unfamiliar, high‑stakes, time‑pressured situations.
In simple terms: Fast decisions help if risks low; risky if stakes high.
Key Takeaway
Assess risk before deciding fast.
Themes
decision‑making
risk assessment
uncertainty
Mood
cautious
analytical
Type
advisory
reflective
When to use this quote
- emergency response
- business strategy
- personal relationships
- news reporting
Key Concepts
cognitive bias
probability
cost‑benefit analysis
Questions to Reflect On
- When is speed more important than accuracy?
- How do you gauge acceptable error cost?
A Different Perspective
May overlook critical information leading to costly errors.
