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Luck Quote by Daniel Kahneman

“People who buy lottery tickets in vast amounts show themselves willing to pay much more than expected value for very small chances to win a large prize.” quote by Daniel Kahneman — Download Open image

““People who buy lottery tickets in vast amounts show themselves willing to pay much more than expected value for very small chances to win a large prize.””

Daniel Kahneman

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More by Daniel Kahneman

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

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“Belief in the Law of Small Numbers.”

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“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between…

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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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The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even…

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“So this is my aim for watercooler conversations: improve the ability to identify and understand errors of judgment and choice, in others and eventually…

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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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I might, by chance, write something just as shoddy; But then I wouldn't show it to everybody.

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Ambition drives you on, ability certainly helps, but the fickle finger of fate and luck are great things.

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To be successful, one must take chances.

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If you scared to take chances, you'll never have the answers...

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Don't minimize the importance of luck in determining life's course.

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Everybody needs a chance to find love.

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We seal our fate with the choices we take, but don't give a second thought to the chances we take.

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