Daniel Kahneman

Daniel Kahneman

Psychologist, Nobel Laureate

Daniel Kahneman is a psychologist and Nobel laureate known for his work on judgment, decision-making, and behavioral economics, particularly in 'Thinking, Fast and Slow.'

People Thinking Ideas Decision Memories Optimistic
Born
March 5, 1934
Quotes
205
Rank
#421

Quote collection

Daniel Kahneman quotes (page 6 of 11)

205 quotes — follow a thought to its full quote page.

Daniel Kahneman Psychologist, Nobel Laureate
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"Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot."

Powerful Believe Skills
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Daniel Kahneman Psychologist, Nobel Laureate
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"It's not a case of: 'Read this book and then you'll think differently. I've written this book, and I don't think differently."

Book Thinking Cases
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Daniel Kahneman Psychologist, Nobel Laureate
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"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."

Money Community Understanding
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Daniel Kahneman Psychologist, Nobel Laureate
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"There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey."

Long Political Example
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Daniel Kahneman Psychologist, Nobel Laureate
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"I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet to meet a successful scientist who lacks the ability to exaggerate the importance of what he or she is doing, and I believe that someone who lacks a delusional sense of significance will wilt in the face of repeated experiences of multiple small failures and rare successes, the fate of most researchers."

Believe Fate Successful
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Daniel Kahneman Psychologist, Nobel Laureate
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"Mental effort, I would argue, is relatively rare. Most of the time we coast."

Effort Arguing Coast
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Daniel Kahneman Psychologist, Nobel Laureate
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"Nobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens."

Guy Voting Stronger
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Daniel Kahneman Psychologist, Nobel Laureate
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"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."

Dog Cat Mind
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Daniel Kahneman Psychologist, Nobel Laureate
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"Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong."

People Diagnosis Feedback
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Daniel Kahneman Psychologist, Nobel Laureate
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"The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little."

Quality Stories Littles
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Daniel Kahneman Psychologist, Nobel Laureate
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"The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics."

Loss Psychology Aversion
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Daniel Kahneman Psychologist, Nobel Laureate
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"The dominance of conclusions over arguments is most pronounced where emotions are involved."

Dominance Emotion Argument
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Daniel Kahneman Psychologist, Nobel Laureate
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"you know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious."

Long Made Obvious
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Daniel Kahneman Psychologist, Nobel Laureate
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"If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe."

Believe Things That Are Hard Reflecting
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Daniel Kahneman Psychologist, Nobel Laureate
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"A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise."

Loss Would Be Accepting
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Daniel Kahneman Psychologist, Nobel Laureate
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"The premise of this book is that it is easier to recognize other people's mistakes than your own."

Mistake Book People
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Daniel Kahneman Psychologist, Nobel Laureate
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"We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it."

Ideas Assuming Problem
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Daniel Kahneman Psychologist, Nobel Laureate
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"One study found that people who just thought about watching their favorite movie actually raised their endorphin levels by 27 percent."

People Levels Study
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Daniel Kahneman Psychologist, Nobel Laureate
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"People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel."

Hate Loss Ideas
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