Quotes About Judgment
System 1 runs ahead of the facts in constructing a rich image on the basis of scraps of evidence.
~ Daniel Kahneman
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simple mechanical rules were generally superior to human judgment.
~ Daniel Kahneman
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Intuitive predictions are almost completely insensitive to the actual predictive quality of the evidence.
~ Daniel Kahneman
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It is very likely that intrinsic variability in the functioning of the brain also affects the quality of our judgments in ways that we cannot possibly hope to control.
~ Daniel Kahneman
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Tetlock also found that experts resisted admitting that they had been wrong, and when they were compelled to admit error, they had a large collection of excuses: they had been wrong only in their timing, an unforeseeable event had intervened, or they had been wrong but for the right reasons.
~ Daniel Kahneman
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The dominance of conclusions over arguments is most pronounced where emotions are involved. The psychologist Paul Slovic has proposed an affect heuristic in which people let their likes and dislikes determine their beliefs about the world.
~ Daniel Kahneman
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when System 2 is otherwise engaged, we will believe almost anything. System 1 is gullible and biased to believe
~ Daniel Kahneman
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The answer was straightforward: instances of the class will be retrieved from memory, and if retrieval is easy and fluent, the category will be judged to be large. We defined the availability heuristic as the process of judging frequency by "the ease with which instances come to mind.
~ Daniel Kahneman
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Because System 1 operates automatically and cannot be turned off at will, errors of intuitive thought are often difficult to prevent. Biases cannot always be avoided, because System 2 may have no clue to the error.
~ Daniel Kahneman
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Unless you are a professional, however, you may not react very differently to a sample of 150 and to a sample of 3,000. That is the meaning of the statement that "people are not adequately sensitive to sample size.
~ Daniel Kahneman
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It might seem odd to emphasize this point, since we noted in the previous chapter that aggregating the judgments of multiple individuals reduces noise. But because of group dynamics, groups can add noise, too. There are "wise crowds," whose mean judgment is close to the correct answer, but there are also crowds that follow tyrants, that fuel market bubbles, that believe in magic, or that are under the sway of a shared illusion.
~ Daniel Kahneman
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In contrast, Meehl and other proponents of algorithms have argued strongly that it is unethical to rely on intuitive judgments for important decisions if an algorithm is available that will make fewer mistakes.
~ Daniel Kahneman
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Although System 2 believes itself to be where the action is, the automatic System 1 is the hero of the book. I describe System 1 as effortlessly originating impressions and feelings that are the main sources of the explicit beliefs and deliberate choices of System 2. The
~ Daniel Kahneman
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it is easier to recognize other people's mistakes than our own.
~ Daniel Kahneman
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But noisy systems do not make multiple judgments of the same case. They make noisy judgments of different cases. If one insurance policy is overpriced and another is underpriced, pricing may on average look right, but the insurance company has made two costly errors. If two felons who both should be sentenced to five years in prison receive sentences of three years and seven years, justice has not, on average, been done. In noisy systems, errors do not cancel out. They add up.
~ Daniel Kahneman
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The normal state of your mind is that you have intuitive feelings and opinions about almost everything that comes your way. You like or dislike people long before you know much about them; you trust or distrust strangers without knowing why; you feel that an enterprise is bound to succeed without analyzing
~ Daniel Kahneman
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Systematic errors are known as biases
~ Daniel Kahneman
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people rely on a limited number of heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler judgmental operations. In general, these heuristics are quite useful, but sometimes they lead to severe and systematic errors.
~ Daniel Kahneman
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When the handsome and confident speaker bounds onto the stage, for example, you can anticipate that the audience will judge his comments more favorably than he deserves. The availability of a diagnostic label for this bias—the halo effect—makes it easier to anticipate, recognize, and understand.
~ Daniel Kahneman
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The reliance on the heuristic caused predictable biases (systematic errors) in their predictions.
~ Daniel Kahneman
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whenever accuracy is the goal, bias and noise play the same role in the calculation of overall error.
~ Daniel Kahneman
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The executive's decision would today be described as an example of the affect heuristic, where judgments and decisions are guided directly by feelings of liking and disliking, with little deliberation or reasoning.
~ Daniel Kahneman
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On another occasion, Amos and I wondered about the rate of divorce among professors in our university. We noticed that the question triggered a search of memory for divorced professors we knew or knew about, and that we judged the size of categories by the ease with which instances came to mind. We called this reliance on the ease of memory search the availability heuristic.
~ Daniel Kahneman
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The premise of this book is that it is easier to recognize other people's mistakes than our own.
~ Daniel Kahneman
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