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. Daniel Kahneman dicedomainexpert share on social
People are very complex. And for a psychologist, you get fascinated by the complexity of human beings, and that is what I have lived with, you know, in my career all of my life, is the complexity of human beings. Daniel Kahneman beingcareercomplex share on social
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 assessmentbiasdirection share on social
The brains of humans contain a mechanism that is designed to give priority to bad news. Daniel Kahneman badbraindesign Change image and share on social
Hindsight bias makes surprises vanish. Daniel Kahneman biashindsightmake Change image and share on social
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. Daniel Kahneman ageattributeeffect share on social
So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to. Daniel Kahneman attentionemotionallot Change image and share on social
The average investor's return is significantly lower than market indices due primarily to market timing. Daniel Kahneman averagedueindex Change image and share on social
The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better. Daniel Kahneman assumecasefallacy Change image and share on social
Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments. Daniel Kahneman aimcoatelaborate Change image and share on social