Decision making Quote by Daniel Kahneman

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

— Daniel Kahneman

“Belief in the Law of Small Numbers.”

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman

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

— Daniel Kahneman