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 assumeeconomicfocus Change image and share on social
All of us would be better investors if we just made fewer decisions. Daniel Kahneman decisionfewinvestor Change image and share on social
People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt. Daniel Kahneman appearanceboldnessdespise share on social
By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones. Daniel Kahneman artificialbiaseheuristic Change image and share on social
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 000attitudedecision share on social
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier. Daniel Kahneman coachhappinesshappy Change image and share on social
True intuitive expertise is learned from prolonged experience with good feedback on mistakes. Daniel Kahneman experienceexpertisefeedback Change image and share on social
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of them don't leave a trace. Daniel Kahneman 000calculateleave share on social
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. Daniel Kahneman absurdairbuy Change image and share on social
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 ideamakepoint Change image and share on social