Quotes from Daniel Kahneman

Bias and noise—systematic deviation and random scatter—are different components of error.

impressions, feelings, and inclinations; when endorsed by System 2 these become beliefs, attitudes, and intentions

The best possible account of the data provides bad news: tired and hungry judges tend to fall back on the easier default position of denying requests for parole. Both fatigue and hunger probably play a role.

Many activities can induce a sense of flow, from painting to racing motorcycles—and

Charge the loss to your mental account of 'general revenue'—you will feel better!

Life is often more complex than the stories we like to tell about it.

The brains of humans contain a mechanism that is designed to give priority to bad news.

Evaluation on the GOOD–BAD dimension is an automatic operation of System 1

Nick Epley and Tom Gilovich found evidence that adjustment is a deliberate attempt to find reasons to move away from the anchor:

Examples of the planning fallacy abound in the experiences of individuals, governments, and businesses. The list of horror stories is endless.

Very little repetition is needed for a new experience to feel normal!

One of the main functions of System 2 is to monitor and control thoughts and actions "suggested" by System 1

true experts know the limits of their knowledge.

For example, the question "Do you now feel a slight numbness in your left leg?" always prompts quite a few people to report that their left leg does indeed feel a little strange.

our mind is strongly biased toward causal explanations and does not deal well with "mere statistics.

Judgment is not a synonym for thinking, and making accurate judgments is not a synonym for having good judgment.

Even statisticians were not good intuitive statisticians.

Many people find the priming results unbelievable, because they do not correspond to subjective experience. Many others find the results upsetting, because they threaten the subjective sense of agency and autonomy. If the content of a screen saver on an irrelevant computer can affect your willingness to help strangers without your being aware of it, how free are you? Anchoring

We are pattern seekers, believers in a coherent world, in which regularities (such as a sequence of six girls) appear not by accident but as a result of mechanical causality or of someone's intention.

best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid significant mistakes when the stakes are high. The premise of this book is that it is easier to recognize other people's mistakes than our own.

as the psychologist Jonathan Haidt said in another context, "The emotional tail wags the rational dog.

Of course, we and our animal cousins are quickly alerted to signs of opportunities to mate or to feed, and advertisers design billboards accordingly.

Organizations that take the word of overconfident experts can expect costly consequences.

The pleasure we found in working together made us exceptionally patient; it is much easier to strive for perfection when you are never bored.