If individuals are rational, there is no need to protect them against their own choices. Daniel Kahneman choiceindividualprotect Change image and share on social
Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that. Daniel Kahneman decisionfalliblehighly Change image and share on social
People are really happier with friends than they are with their families or their spouse or their child. Daniel Kahneman childfamilyfriend Change image and share on social
Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them. Daniel Kahneman incorrectinterestmake share on social
Political columnists and sports pundits are rewarded for being overconfident. Daniel Kahneman columnistoverconfidentpolitical 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
Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year. Daniel Kahneman amateuramountbeat Change image and share on social
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. Daniel Kahneman averagechallengedecision share on social
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
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
