"That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence."
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Quote collection
Daniel Kahneman quotes (page 5 of 11)
205 quotes — follow a thought to its full quote page.
"The average investor's return is significantly lower than market indices due primarily to market timing."
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"Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed."
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"People assign much higher probability to the truth of their opinions than is warranted."
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"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."
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"When you analyze happiness, it turns out that the way you spend your time is extremely important."
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"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."
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"One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking."
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"I enjoy being active, but I look forward to the day when I can retire to the Internet."
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"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."
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"It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient."
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"Adaptation seems to be, to a substantial extent, a process of reallocating your attention."
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"The experiencing self lives in the moment; it is the one that answers the question, 'Does it hurt?' or 'What were you thinking about just now?' The remembering self is the one that answers questions about the overall evaluation of episodes or periods of one's life, such as a stay in the hospital or the years since one left college."
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"A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed."
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"The experiencing self lives its life continuously. It has moments of experience, one after the other."
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"Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day."
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"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."
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"I have always emphasized the willingness to discard."
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"Some achieve a reputation for great successes when in fact all they have done is take chances that reasonable people wouldn't take."
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"Alternative descriptions of the same reality evoke different emotions and different associations."
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