"True intuitive expertise is learned from prolonged experience with good feedback on mistakes."
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Quote collection
Daniel Kahneman quotes (page 2 of 11)
205 quotes — follow a thought to its full quote page.
"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."
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"We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events."
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"We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true."
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"Money does not buy you happiness, but lack of money certainly buys you misery."
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"Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact."
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"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."
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"The effort invested in 'getting it right' should be commensurate with the importance of the decision."
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"When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound."
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"People tend to assess the relative importance of issues by the ease with which they are retrieved from memory—and this is largely determined by the extent of coverage in the media. Frequently mentioned topics populate the mind even as others slip away from awareness. In turn, what the media choose to report corresponds to their view of what is currently on the public’s mind. It is no accident that authoritarian regimes exert substantial pressure on independent media. Because public interest is most easily aroused by dramatic events and by celebrities, media feeding frenzies are common"
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"If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable."
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"If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality."
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"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."
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"In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas."
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"It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all."
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"So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to."
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"People who face a difficult question often answer an easier one instead, without realizing it."
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"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."
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"Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of them don't leave a trace."
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"Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference; they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks."
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