Adaptation seems to be, to a substantial extent, a process of reallocating your attention. Daniel Kahneman adaptationattentionextent Change image and share on social
I'm not a great believer in self-help. Daniel Kahneman believergreat Change image and share on social
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally. Daniel Kahneman bankbehaveexecutive Change image and share on social
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. Daniel Kahneman duefindhard Change image and share on social
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 bigcouragedifference Change image and share on social
The effort invested in 'getting it right' should be commensurate with the importance of the decision. Daniel Kahneman commensuratedecisioneffort Change image and share on social
Yes, there is a burden of financial insecurity. I don't think you find it in mood. Income is correlated with life satisfaction, so maybe you do find it in life satisfaction. You don't find it in mood, and I think it is very important. Daniel Kahneman burdencorrelatefinancial share on social
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable. Daniel Kahneman badconstantlycount share on social
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same. Daniel Kahneman attractivechanceeasily Change image and share on social
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 expertfasttime Change image and share on social
