Daniel Kahnemanm has spent his career as a psychologist, focused specifically in the areas of behavioral economics. The recipient of the Nobel Memorial Prize in Economic Sciences in 2002, Kahnemanm has may many notable contributions throughout his career. Here is a look at some of the most notable Daniel Kahneman quotes.
“A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.”
“Economists think about what people ought to do. Psychologists watch what they actually do.”
“Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.”
“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.”
#lectures: Daniel Kahneman: "Thinking, Fast and Slow" | Talks at Google | https://t.co/kZhit7m5WG pic.twitter.com/O1FYL8qnFG
— r/ (@bzdt3) November 10, 2015
“If people are failing, they look inept. If people are succeeding, they look strong and good and competent. That’s the ‘halo effect.'”
“Your first impression of a thing sets up your subsequent beliefs. If the company looks inept to you, you may assume everything else they do is inept.”
“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.”
“Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.”
“It doesn’t take many observations to think you’ve spotted a trend, and it’s probably not a trend at all.”
“It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.”
“It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient.”
“Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled.”
“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.”
“Money does not buy you happiness, but lack of money certainly buys you misery.”
“Nobody would say, ‘I’m voting for this guy because he’s got the stronger chin,’ but that, in fact, is partly what happens.”
Reading "Thinking, Fast & Slow," by #DanielKahneman. pic.twitter.com/5jcRTkYpIO
— Mike Bean (@RyanB0728) November 1, 2015
“Nothing in life is as important as you think it is, while you are thinking about it.”
“Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.”
“One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.”
“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.”
“Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.”
“Political columnists and sports pundits are rewarded for being overconfident.”
“Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.”
“The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.”
“The effort invested in ‘getting it right’ should be commensurate with the importance of the decision.”
“The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.”
Daniel #Kahneman Explains The Machinery of Thought. @farnamstreet https://t.co/SJFQKHmuMu pic.twitter.com/u4TFMaZVys
— Mark Storm (@marksstorm) November 6, 2015
“The test of learning psychology is whether your understanding of situations you encounter has changed, not whether you have learned a new fact.”
“This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.”
“True intuitive expertise is learned from prolonged experience with good feedback on mistakes.”
“We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.”
“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.”
“We’re generally overconfident in our opinions and our impressions and judgments.”
“You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.”
Daniel Kahneman book ‘Thinking, Fast and Slow’ has proved to be a success. Becoming a major New York Times Bestseller, his book also won the National Academy of Sciences Best Book Award in 2012, among many other notable awards. Check out the following interview with Kahneman as he discusses his journey.
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