Quotes from Daniel Kahneman

It is more useful to pay attention to people who disagree with you than to pay attention to those who agree.

Los estudios sobre cognición humana atribuyen este exceso de optimismo a numerosos motivos. Uno de los más poderosos es la tendencia de los individuos a exagerar el propio talento, a creer que están por encima de la media en su asignación de características y habilidades positivas.

The interaction of the two systems is a recurrent theme of the book, and a brief synopsis of the plot is in order.

Whatever their flaws, rankings are less noisy than ratings.

Most important, of course, we all care intensely for the narrative of our own life and very much want it to be a good story, with a decent hero.

We all care intensely for the narrative of our own life and very much want it to be a good story, with a decent hero.

Daniel Kahneman is one of the most original and interesting thinkers of our time.

The mere expo' sure effect does not depend on the conscious experience of familiarity.

We have inherited from our ancestors a great facility to learn when to be afraid. Indeed, one experience is often sufficient to establish a long term aversion and fear.

To be read in context!!!) People who are "cognitively busy" are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations. Memorizing and repeating digits loosens the hold of System 2 on behavior, but if course cognitive load is not the only cause of weakened self-control.

People who know math understand what other mortals understand, but other mortals do not understand them. This asymmetry gives them a presumption of superior ability.

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.

People have little idea, by and large, of the investment world. They are convinced they have an advantage.

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.

A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.

The easiest way to increase happiness is to control your use of time.

Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.

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.

We think, each of us, that we're much more rational than we are. And we think that we make our decisions because we have good reasons to make them. Even when it's the other way around. We believe in the reasons, because we've already made the decision.

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.

The concept of happiness has to be reorganised.

Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.

If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding - you tend to be very risk-averse. When you think in terms of wealth, you tend to be much less risk-averse.

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.