--- title: "Meaning & Key Takeaway of: However, optimism is highly valued…" description: "\"However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than t..." image: "https://sms4smile.com/quotes/i/949/daniel-kahneman-431_blindness_however-optimism-is-highly-valued-social_2938461.jpg" --- # However, optimism is highly valued, socially and in the… ![“However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which…” quote by Daniel Kahneman](https://sms4smile.com/quotes/i/949/daniel-kahneman-431_blindness_however-optimism-is-highly-valued-social_2938461.jpg) [Download](https://sms4smile.com/quotes/i/949/daniel-kahneman-431_blindness_however-optimism-is-highly-valued-social_2938461.jpg) [Open image](https://sms4smile.com/quotes/i/949/daniel-kahneman-431_blindness_however-optimism-is-highly-valued-social_2938461.jpg) > “However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.” [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Optimism can be rewarded despite being misleading, leading to collective risk blindness. **In simple terms:** Optimism often wins over truth. Key Takeaway Beware of over‑optimistic bias. Themes optimism risk market behavior Mood cautious analytical Type financial psychological When to use this quote - investment decisions - policy making - media reporting - corporate strategy Key Concepts behavioral finance cognitive bias Questions to Reflect On - When is optimism justified? - How to balance optimism with realism? A Different Perspective Optimism may sometimes be necessary for progress. ★ ★ ★ ★ ★ No ratings yet [Blindness](https://sms4smile.com/quotes/about/blindness/) [Collectives](https://sms4smile.com/quotes/about/collectives/) [Competition](https://sms4smile.com/quotes/about/competition/) [Crisis](https://sms4smile.com/quotes/about/crisis/) [Customer](https://sms4smile.com/quotes/about/customer/) [Experts](https://sms4smile.com/quotes/about/experts/) [Favors](https://sms4smile.com/quotes/about/favors/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial crisis](https://sms4smile.com/quotes/about/financial-crisis/) [Firm](https://sms4smile.com/quotes/about/firm/) [Force](https://sms4smile.com/quotes/about/force/) [Great recession](https://sms4smile.com/quotes/about/great-recession/) [Information](https://sms4smile.com/quotes/about/information/) [Investing](https://sms4smile.com/quotes/about/investing/) [Lessons](https://sms4smile.com/quotes/about/lessons/) [Mislead](https://sms4smile.com/quotes/about/mislead/) [Money](https://sms4smile.com/quotes/about/money/) [Optimism](https://sms4smile.com/quotes/about/optimism/) [Optimism Highly](https://sms4smile.com/quotes/about/optimism-highly-4368890/) [Organization](https://sms4smile.com/quotes/about/organization/) [People](https://sms4smile.com/quotes/about/people/) [Periods](https://sms4smile.com/quotes/about/periods/) [Powerful](https://sms4smile.com/quotes/about/powerful/) [Rewards](https://sms4smile.com/quotes/about/rewards/) [Risk](https://sms4smile.com/quotes/about/risk/) [Risk Uncertainty](https://sms4smile.com/quotes/about/risk-uncertainty-1067642/) [Truth](https://sms4smile.com/quotes/about/truth/) [Uncertainty](https://sms4smile.com/quotes/about/uncertainty/) [Valued Socially](https://sms4smile.com/quotes/about/valued-socially-4368891/) ## Related quotes > [The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment…](https://sms4smile.com/quotes/jerome-powell/the-financial-crisis-and-the-great-recession-posed-the-most/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [ Let's stop for a second and remember where we were eight years ago \[in 2008\]. 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Siegel](https://sms4smile.com/quotes/author/jeremy-j-siegel/) > [“...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.”](https://sms4smile.com/quotes/nate-silver/the-ratings-agencies-problem-was-in-being-unable-or-uninterested-in/) [Nate Silver](https://sms4smile.com/quotes/author/nate-silver/) > [Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The time other…](https://sms4smile.com/quotes/seth-klarman/investors-frequently-benefit-from-making-decisions-with-less-than/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [ Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty \[situation\] gives us our… ](https://sms4smile.com/quotes/mohnish-pabrai/wall-street-sometimes-gets-confused-between-risk-and-uncertainty-and/) [Mohnish Pabrai](https://sms4smile.com/quotes/author/mohnish-pabrai/) > [“When you just wing it, you are aware of the risk and the uncertainty, and inclined to be more cautious. When you have a…](https://sms4smile.com/quotes/neal-stephenson/when-you-just-wing-it-you-are-aware-of-the-risk-and-the-uncertainty/) [Neal Stephenson](https://sms4smile.com/quotes/author/neal-stephenson/) > [It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.](https://sms4smile.com/quotes/daniel-kahneman/it-s-very-easy-for-trusted-companies-to-mislead-naive-customers-and/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The Great Recession is not imaginary, and the effects loom large. 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Because cynics don’t learn anything. Because cynicism is a self-imposed blindness, a…](https://sms4smile.com/quotes/stephen-colbert/cynicism-masquerades-as-wisdom-but-it-is-the-farthest-thing-from-it/) [Stephen Colbert](https://sms4smile.com/quotes/author/stephen-colbert/) > [These eyes, tho' clear To outward view of blemish or of spot, Bereft of light, their seeing have forgot, Nor to their idle orbs…](https://sms4smile.com/quotes/john-milton/these-eyes-tho-clear-to-outward-view-of-blemish-or-of-spot-bereft-of/) [John Milton](https://sms4smile.com/quotes/author/john-milton/) > [“And the blind man said to the deaf man, "Do you see what I hear?”](https://sms4smile.com/quotes/wayne-gerard-trotman/and-the-blind-man-said-to-the-deaf-man-do-you-see-what-i-hear/) [Wayne Gerard Trotman](https://sms4smile.com/quotes/author/wayne-gerard-trotman/) > [With every rising of the sun Think of your life as just begun. 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Here's $10, go and save 1,000 kids from blindness!](https://sms4smile.com/quotes/emo-philips/i-give-money-to-unicef-because-i-like-the-bang-for-your-buck-aspect/) [Emo Philips](https://sms4smile.com/quotes/author/emo-philips/) > [The recovery of spiritual sight and the healing of physical blindness have much in common. Some of those whose bodily eyes were blind received…](https://sms4smile.com/quotes/gregory-palamas/the-recovery-of-spiritual-sight-and-the-healing-of-physical-blindness/) [Gregory Palamas](https://sms4smile.com/quotes/author/gregory-palamas/) > [The simplest things to see are the things we are most blind to.](https://sms4smile.com/quotes/milliton-munney/the-simplest-things-to-see-are-the-things-we-are-most-blind-to/) [Milliton MUNNEY](https://sms4smile.com/quotes/author/milliton-munney/) > [Blackout is the way we feel how the blind people feel](https://sms4smile.com/quotes/anonymous/blackout-is-the-way-we-feel-how-the-blind-people-feel/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The blindness of the eye in darkness is as life in the absence of true love.](https://sms4smile.com/quotes/brain-emrys/the-blindness-of-the-eye-in-darkness-is-as-life-in-the-absence-of/) [Brain Emrys](https://sms4smile.com/quotes/author/brain-emrys/) > [It was a huge deal, a huge musical discovery that became life lessons learned. You can't return from having an experience like that. The…](https://sms4smile.com/quotes/ben-harper/it-was-a-huge-deal-a-huge-musical-discovery-that-became-life-lessons/) [Ben Harper](https://sms4smile.com/quotes/author/ben-harper/) [Browse all 580 Blindness quotes ](https://sms4smile.com/quotes/about/blindness/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. 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