Top 500 Daniel Kahneman Quotes (2024 Update)
Page 6 of 10

251. “There’s a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.”

— Daniel Kahneman

252. “Fast thinking includes both variants of intuitive thought – the expert and the heuristic.”

— Daniel Kahneman

253. “We have associations to things. We have, you know, we have associations to tables and to – and to dogs and to cats and to Harvard professors, and that’s the way the mind works. It’s an association machine.”

— Daniel Kahneman

254. “In An Enquiry Concerning Human Understanding, published in 1748, the Scottish philosopher David Hume reduced the principles of association to three: resemblance, contiguity in time and place, and causality. Our concept of association has changed radically since Hume’s days, but his three principles still provide a good start.”

— Daniel Kahneman

255. “The effort invested in ‘getting it right’ should be commensurate with the importance of the decision.”

— Daniel Kahneman

256. “We all have a need for the reassuring message that actions have appropriate consequences, and that success will reward wisdom and courage. Many business books are tailor-made to satisfy this need.”

— Daniel Kahneman

257. “An individual who expresses high confidence probably has a good story, which may or may not be true.”

— Daniel Kahneman

258. “I’m not a great believer in self-help.”

— Daniel Kahneman

259. “When physicians are under time pressure, they are apparently more inclined to choose a quick-fix solution, despite its serious downsides.”

— Daniel Kahneman

260. “There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.”

— Daniel Kahneman

261. “People’s mood is really determined primarily by their genetic make-up and personality, and in the second place by their immediate context, and only in the third and fourth place by worries and concerns and other things like that.”

— Daniel Kahneman

262. “I was surprised to see that the pupil remained small and did not noticeably dilate as she talked and listened. Unlike the tasks that we were studying, the mundane conversation apparently demanded little or no effort – no more than retaining two or three digits.”

— Daniel Kahneman

263. “Bernoulli’s model lacks the idea of a reference point, expected utility theory does not represent the obvious fact that the outcome that is good for Anthony is bad for Betty. His model could explain Anthony’s risk aversion, but it cannot explain Betty’s risk-seeking preference for the gamble, a behavior that is often observed in entrepreneurs and in generals when all their options are bad.”

— Daniel Kahneman

264. “Searching for wisdom in historic events requires an act of faith – a belief in the existence of recurrent patterns waiting to be discovered.”

— Daniel Kahneman

265. “A story is about significant events and memorable moments, not about time passing.”

— Daniel Kahneman

266. “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

267. “Risk” does not exist “out there,” independent of our minds and culture, waiting to be measured. Human beings have invented the concept of “risk” to help them understand and cope with the dangers and uncertainties of life. Although these dangers are real, there is no such thing as “real risk” or “objective risk.”

— Daniel Kahneman

268. “In essence, the optimistic style involves taking credit for successes but little blame for failures.”

— Daniel Kahneman

269. “The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you’re in academia or in the investment community, you’d better pay serious attention to them.”

— Daniel Kahneman

270. “The idea that you can ask one question and it makes the point – well, that wasn’t how psychology was done at the time.”

— Daniel Kahneman

271. “And we cannot suppress the powerful intuition that what makes sense in hindsight today was predictable yesterday.”

— Daniel Kahneman

272. “Zajonc argued that the effect of repetition on liking is a profoundly im- portant biological fact, and that it extends to all animals.”

— Daniel Kahneman

273. “I have always emphasized the willingness to discard.”

— Daniel Kahneman

274. “We reach the point of diminishing marginal predictive returns for knowledge disconcertingly quickly,” Tetlock writes. “In this age of academic hyperspecialization, there is no reason for supposing that contributors to top journals – distinguished political scientists, area study specialists, economists, and so on – are any better than journalists or attentive readers of The New York Times in ‘reading’ emerging situations.” The.”

— Daniel Kahneman

275. “How do people make the judgments and how do they assign decision weights? We start from two simple answers, then qualify them. Here are the oversimplified answers: People overestimate the probabilities of unlikely events. People overweight unlikely events in their decisions.”

— Daniel Kahneman

276. “If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable.”

— Daniel Kahneman

277. “Many activities can induce a sense of flow, from painting to racing motorcycles – and.”

— Daniel Kahneman

278. “To think clearly about the future, we need to clean up the language that we use in labeling the beliefs we had in the past.”

— Daniel Kahneman

279. “For example, the question “Do you now feel a slight numbness in your left leg?” always prompts quite a few people to report that their left leg does indeed feel a little strange.”

— Daniel Kahneman

280. “The emotional tail wags the rational dog.” The affect heuristic simplifies our lives by creating a world that is much tidier than reality.”

— Daniel Kahneman

281. “Prospect theory turned out to be the most significant work we ever did, and our article is among the most often cited in the social sciences.”

— Daniel Kahneman

282. “People have little idea, by and large, of the investment world. They are convinced they have an advantage.”

— Daniel Kahneman

283. “Stories of how businesses rise and fall strike a chord with readers by offering what the human mind needs: a simple message of triumph and failure that identifies clear causes and ignores the determinative power of luck and the inevitability of regression. These stories induce and maintain an illusion of understanding, imparting lessons of little enduring value to readers who are all too eager to believe them.”

— Daniel Kahneman

284. “People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.”

— Daniel Kahneman

285. “Rational or not, fear is painful and debilitating, and policy makers must endeavor to protect the public from fear, not only from real dangers.”

— Daniel Kahneman

286. “Claims for correct intuitions in an unpredictable situation are self-delusional at best, sometimes worse.”

— Daniel Kahneman

287. “I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.”

— Daniel Kahneman

288. “The idea that large historical events are determined by luck is profoundly shocking, although it is demonstrably true.”

— Daniel Kahneman

289. “Political columnists and sports pundits are rewarded for being overconfident.”

— Daniel Kahneman

290. “Indeed, there is evidence that people are more likely to be influenced by empty persuasive messages, such as commercials, when they are tired and depleted.”

— Daniel Kahneman

291. “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

292. “People assign much higher probability to the truth of their opinions than is warranted.”

— Daniel Kahneman

293. “If you wish to experience your System 2 working at full tilt, the following exercise will do; it should bring you to the limits of your cognitive abilities within 5 seconds. To start, make up several strings of 4 digits, all different, and write each string on an index card.”

— Daniel Kahneman

294. “People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.”

— Daniel Kahneman

295. “You can always find an evolutionary quotation for anything. But the question is whether it’s functional, which is not the same as being evolutionary.”

— Daniel Kahneman

296. “Framing effects: Different ways of presenting the same information often evoke different emotions. The statement that “the odds of survival one month after surgery are 90%” is more reassuring than the equivalent statement that “mortality within one month of surgery is 10%.” Similarly, cold.”

— Daniel Kahneman

297. “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

298. “During a mental multiplication, the pupil normally dilated to a large size within a few seconds and stayed large as long as the individual kept working on the problem; it contracted immediately when she found a solution or gave up.”

— Daniel Kahneman

299. “Taleb suggests that we humans constantly fool ourselves by constructing flimsy accounts of the past and believing they are true.”

— Daniel Kahneman

300. “I enjoy being active, but I look forward to the day when I can retire to the Internet.”

— Daniel Kahneman