We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are. Daniel Kahneman More Quotes by Daniel Kahneman More Quotes From Daniel Kahneman If there was one ubiquitous recommendation about marriage it was this: "Don't go to bed angry." Daniel Kahneman recommendations angry bed The most effortful forms of slow thinking are those that require you to think fast. Daniel Kahneman form thinking It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted. Daniel Kahneman insurance-companies company easy Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering. Daniel Kahneman elderly emotional loneliness Some achieve a reputation for great successes when in fact all they have done is take chances that reasonable people wouldn't take. Daniel Kahneman done facts people By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones. Daniel Kahneman heuristics shortcuts produce you know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious. Daniel Kahneman obvious made long In essence, the optimistic style involves taking credit for successes but little blame for failures. Daniel Kahneman optimistic style essence Hindsight bias makes surprises vanish. Daniel Kahneman bias hindsight surprise Endlessly amused by people's minds. Daniel Kahneman amused mind people Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is. Daniel Kahneman decision people thinking Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification. Daniel Kahneman self mean commitment Most of the time, we think fast. And most of the time we're really expert at what we're doing, and most of the time, what we do is right. Daniel Kahneman experts thinking Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie. Daniel Kahneman pie loss people Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake. Daniel Kahneman mistake mean people Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales. Daniel Kahneman employers fairness unfair When you are under time pressure for a decision, you need to follow intuition. Daniel Kahneman intuition decision needs We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive. Daniel Kahneman decision leadership people It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you. Daniel Kahneman spending-time love-you people There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities. Daniel Kahneman risk focus looks
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