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Daniel Kahneman Quotes

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

The ‘Instagram Generation’ now experiences the present as an anticipated memory Picture Quote #1

People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence Picture Quote #1

One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking Picture Quote #1

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Facts that challenge basic assumptions-and thereby threaten people’s livelihood and self-esteem-are simply not absorbed. The mind does not digest them Picture Quote #1

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 Picture Quote #1

A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays Picture Quote #1

The idea that you can ask one question and it makes the point - well, that wasn’t how psychology was done at the time Picture Quote #1

In a rising market, enough of your bad ideas will pay off so that you’ll never learn that you should have fewer ideas Picture Quote #1

It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient Picture Quote #1

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We’re beautiful devices. The devices work well; we’re all experts in what we do. But when the mechanism fails, those failures can tell you a lot about how the mind works Picture Quote #1

When people talk of the economy being strong, they don’t seem to feel that they, too, are better off Picture Quote #1

Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed Picture Quote #1

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 Picture Quote #1

It’s very difficult to distinguish between what a person believes and what they say they believe Picture Quote #1

Suppose you like someone very much. Then, by a familiar halo effect, you will also be prone to believe many good things about that person - you will be biased in their favor. Most of us like ourselves very much, and that suffices to explain self-assessments that are biased in a particular direction Picture Quote #1

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Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don’t know the odds. It’s a big difference Picture Quote #1

There is research on the effects of 9/11, and you know, compared to the enormity of it, it didn’t have a huge effect on people’s mood. They were going about their business, mostly Picture Quote #1

It’s nonsense to say money doesn’t buy happiness, but people exaggerate the extent to which more money can buy more happiness Picture Quote #1

Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don’t decide to do it. We don’t control it Picture Quote #1

It’s very easy for trusted companies to mislead naive customers, and life insurance companies are trusted Picture Quote #1

Most of the time, we think fast. And most of the time we’re really expert at what we’re doing, and most of the time, what we do is right Picture Quote #1

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I think one of the major results of the psychology of decision making is that people’s attitudes and feelings about losses and gains are really not symmetric. So we really feel more pain when we lose $10,000 than we feel pleasure when we get $10,000 Picture Quote #1

We’re blind to our blindness. We have very little idea of how little we know. We’re not designed to know how little we know Picture Quote #1

People who face a difficult question often answer an easier one instead, without realizing it Picture Quote #1

People who know math understand what other mortals understand, but other mortals do not understand them. This asymmetry gives them a presumption of superior ability Picture Quote #1

The average investor’s return is significantly lower than market indices due primarily to market timing Picture Quote #1

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 Picture Quote #1

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Friendship Quotes

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Text Quotes

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 Quotes) 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 Quotes) 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 (Daniel Kahneman Quotes) The ‘Instagram Generation’ now experiences the present as an anticipated memory (Daniel Kahneman Quotes) People exaggerate their confidence in their plans - something we call the planning fallacy... The existence of the plan tends to induce overconfidence (Daniel Kahneman Quotes) One of the major biases in risky decision making is optimism. Optimism is a source of high-risk thinking (Daniel Kahneman Quotes) Facts that challenge basic assumptions-and thereby threaten people’s livelihood and self-esteem-are simply not absorbed. The mind does not digest them (Daniel Kahneman Quotes) 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 Quotes) A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays. (Daniel Kahneman Quotes) 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 Quotes) In a rising market, enough of your bad ideas will pay off so that you’ll never learn that you should have fewer ideas. (Daniel Kahneman Quotes) It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient. (Daniel Kahneman Quotes) We’re beautiful devices. The devices work well; we’re all experts in what we do. But when the mechanism fails, those failures can tell you a lot about how the mind works. (Daniel Kahneman Quotes) When people talk of the economy being strong, they don’t seem to feel that they, too, are better off. (Daniel Kahneman Quotes) Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed. (Daniel Kahneman Quotes) 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 Quotes) It’s very difficult to distinguish between what a person believes and what they say they believe. (Daniel Kahneman Quotes) Suppose you like someone very much. Then, by a familiar halo effect, you will also be prone to believe many good things about that person - you will be biased in their favor. Most of us like ourselves very much, and that suffices to explain self-assessments that are biased in a particular direction. (Daniel Kahneman Quotes) Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don’t know the odds. It’s a big difference. (Daniel Kahneman Quotes) There is research on the effects of 9/11, and you know, compared to the enormity of it, it didn’t have a huge effect on people’s mood. They were going about their business, mostly. (Daniel Kahneman Quotes) It’s nonsense to say money doesn’t buy happiness, but people exaggerate the extent to which more money can buy more happiness. (Daniel Kahneman Quotes) Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don’t decide to do it. We don’t control it. (Daniel Kahneman Quotes) It’s very easy for trusted companies to mislead naive customers, and life insurance companies are trusted. (Daniel Kahneman Quotes) Most of the time, we think fast. And most of the time we’re really expert at what we’re doing, and most of the time, what we do is right. (Daniel Kahneman Quotes) I think one of the major results of the psychology of decision making is that people’s attitudes and feelings about losses and gains are really not symmetric. So we really feel more pain when we lose $10,000 than we feel pleasure when we get $10,000. (Daniel Kahneman Quotes) We’re blind to our blindness. We have very little idea of how little we know. We’re not designed to know how little we know. (Daniel Kahneman Quotes) People who face a difficult question often answer an easier one instead, without realizing it (Daniel Kahneman Quotes) People who know math understand what other mortals understand, but other mortals do not understand them. This asymmetry gives them a presumption of superior ability. (Daniel Kahneman Quotes) The average investor’s return is significantly lower than market indices due primarily to market timing. (Daniel Kahneman Quotes) 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. (Daniel Kahneman Quotes)

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