You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general. Daniel Kahneman More Quotes by Daniel Kahneman More Quotes From Daniel Kahneman Laziness is built deep into our nature. Daniel Kahneman built laziness Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true. Daniel Kahneman compelling cases memories We were required to predict a soldier's performance in officer training and in combat, but we did so by evaluating his behavior over one hour in an artificial situation. This was a perfect instance of a general rule that I call WYSIATI, "What you see is all there is." We had made up a story from the little we knew but had no way to allow for what we did not know about the individual's future, which was almost everything that would actually matter. When you know as little as we did, you should not make extreme predictions like "He will be a star." Daniel Kahneman stars soldier perfect Through some combination of culture and biology, our minds are intuitively receptive to religion. Daniel Kahneman biology mind culture All of us would be better investors if we just made fewer decisions. Daniel Kahneman decision would-be made You know, the standard state for people is 'mildly pleasant.' Negative emotions are quite rare, and extremely positive emotions are rare. But people are mildly pleased most of the time, they're mildly tired a lot of the time, and they wish they were somewhere else a substantial part of the time - but mostly they're mildly pleased. Daniel Kahneman tired somewhere-else people My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy. Daniel Kahneman decision want people People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence. Daniel Kahneman confidence planning people 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 observers errors objectives Individual investors predictably flock to stocks in companies that are in the news. Daniel Kahneman flocks individual news What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant. Daniel Kahneman fear children thinking It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health; they also want to know whether researchers can validate subjective responses with physiological indices. Daniel Kahneman well-being measurement want Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them. Daniel Kahneman successful people years An individual who expresses high confidence probably has a good story, which may or may not be true. Daniel Kahneman individual stories may We deeply want to be led by people who know what they're doing and who don't have to think about it too much. Daniel Kahneman want people thinking Lucky risk takers use hindsight to reinforce their feeling that their gut is very wise. Hindsight also reinforces others' trust in that individual's gut. Daniel Kahneman risk wise feelings You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts. Daniel Kahneman investing wall long If individuals are rational, there is no need to protect them against their own choices. Daniel Kahneman individual choices needs We know that the French are very different from the Americans in their satisfaction with life. They're much less satisfied. Americans are pretty high up there, while the French are quite low - the world champions in life satisfaction are actually the Danes. Daniel Kahneman champion different world Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions. Daniel Kahneman skills practice opportunity
