My impression is that the elimination of memories greatly reduces the value of the experience. Daniel Kahneman More Quotes by Daniel Kahneman More Quotes From Daniel Kahneman The easiest way to increase happiness is to control your use of time. Daniel Kahneman use-of-timeuseway Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues. Daniel Kahneman issuesagethinking We're not aware of changing our minds even when we do change our minds. And most people, after they change their minds, reconstruct their past opinion - they believe they always thought that. Daniel Kahneman changebelievepast Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed. Daniel Kahneman powerfulfeelingspeople To better avoid errors, you should talk to people who disagree with you and you should talk to people who are not in the same emotional situation you are. Daniel Kahneman errorsemotionalpeople Mind is a machine for jumping to conclusions Daniel Kahneman machinesjumpingmind Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages. Daniel Kahneman luckknowingsuccessful Slow thinking has the feeling of something you do. It's deliberate. Daniel Kahneman deliberatefeelingsthinking The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich. Daniel Kahneman luckskillspeople Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period. Daniel Kahneman dutchvacationanticipation Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery. Daniel Kahneman motivationinspirationyears So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to. Daniel Kahneman emotionalattentionthinking If people are failing, they look inept. If people are succeeding, they look strong and good and competent. That's the 'halo effect.' Your first impression of a thing sets up your subsequent beliefs. If the company looks inept to you, you may assume everything else they do is inept. Daniel Kahneman first-impressionstrongpeople Facts that challenge basic assumptions-and thereby threaten people's livelihood and self-esteem-are simply not absorbed. The mind does not digest them. Daniel Kahneman self-esteemchallengespeople When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals. Daniel Kahneman individualclubsgroups Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time. Daniel Kahneman family-relationshipdeterminedfeelings If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality. Daniel Kahneman simplerealitypeople We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action. Daniel Kahneman intuitionpowerfulstrong In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas. Daniel Kahneman risingshould-haveideas Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity. Daniel Kahneman qualitypowerfulstories
