Quotes About Performance
His observation was astute and correct: occasions on which he praised a performance were likely to be followed by a disappointing performance, and punishments were typically followed by an improvement. But the inference he had drawn about the efficacy of reward and punishment was completely off the mark.
~ Daniel Kahneman
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Too much concern about how well one is doing in a task sometimes disrupts performance by loading short-term memory with pointless anxious thoughts. The conclusion is straightforward: self-control requires attention and effort.
~ Daniel Kahneman
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His observation was astute and correct: occasions on which he praised a performance were likely to be followed by a disappointing performance, and punishments were typically followed by an improvement. But the inference he had drawn about the efficacy of reward and punishment was completely off the mark. What he had observed is known as regression to the mean, which in that case was due to random fluctuations in the quality of performance.
~ Daniel Kahneman
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Analysis of thousands of sequences of shots led to a disappointing conclusion: there is no such thing as a hot hand in professional basketball, either in shooting from the field or scoring from the foul line.
~ Daniel Kahneman
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In contrast, increasing effort is not an option when you must keep six digits in short-term memory while performing a task. Ego depletion is not the same mental state as cognitive busyness.
~ Daniel Kahneman
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The bat-and-ball problem, the flowers syllogism, and the Michigan/Detroit problem have something in common. Failing these minitests appears to be, at least to some extent, a matter of insufficient motivation, not trying hard enough.
~ Daniel Kahneman
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We find that firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance. At the same time, CEO compensation increases, CEOs spend more time on activities outside the company such as writing books and sitting on outside boards, and they are more likely to engage in earnings management.
~ Daniel Kahneman
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Bad weather is associated with improved memory; judicial sentences tend to be more severe when it is hot outside; and stock market performance is affected by sunshine.
~ Daniel Kahneman
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predictive judgments that provide input—for instance, how a candidate will perform in her first year, how the stock market will respond to a given strategic move, or how quickly the epidemic will spread if left unchecked. But the final decisions entail trade-offs between the pros and cons of various options, and these trade-offs are resolved by evaluative judgments.
~ Daniel Kahneman
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Indeed, we pay people quite well to provide interesting explanations of regression effects. A business commentator who correctly announces that "the business did better this year because it had done poorly last year" is likely to have a short tenure on the air.
~ Daniel Kahneman
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The list of indications of depletion is also highly diverse: deviating from one's diet overspending on impulsive purchases reacting aggressively to provocation persisting less time in a handgrip task performing poorly in cognitive tasks and logical decision making
~ Daniel Kahneman
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puzzles were legible, but the font induced cognitive strain. The results tell a clear story: 90% of the students who saw the CRT in normal font made at least one mistake in the test, but the proportion dropped to 35% when the font was barely legible. You read this correctly: performance was better with the bad font. Cognitive strain, whatever its source, mobilizes System 2, which is more likely to reject the intuitive answer suggested by System 1.
~ Daniel Kahneman
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The truth is that small schools are not better on average; they are simply more variable.
~ Daniel Kahneman
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The observers almost never missed a K that was shown at the beginning or near the end of the Add-1 task but they missed the target almost half the time when mental effort was at its peak
~ Daniel Kahneman
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Many individual investors lose consistently by trading, an achievement that a dart-throwing chimp could not match.
~ Daniel Kahneman
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When you feel strained, you are more likely to be vigilant and suspicious, invest more effort in what you are doing, feel less comfortable, and make fewer errors, but you also are less intuitive and less creative than usual.
~ Daniel Kahneman
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Too much concern about how well one is doing in a task sometimes disrupts performance by loading short-term memory with pointless anxious thoughts.
~ Daniel Kahneman
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anything that occupies your working memory reduces your ability to think.
~ Daniel Kahneman
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Mutual funds are run by highly experienced and hardworking professionals who buy and sell stocks to achieve the best possible results for their clients. Nevertheless, the evidence from more than fifty years of research is conclusive: for a large majority of fund managers, the selection of stocks is more like rolling dice than like playing poker. Typically at least two out of every three mutual funds underperform the overall market in any given year.
~ Daniel Kahneman
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As you become skilled in a task, its demand for energy diminishes. Studies of the brain have shown that the pattern of activity associated with an action changes as skill increases, with fewer brain regions involved. Talent has similar effects. Highly intelligent individuals need less effort to solve the same problems, as indicated by both pupil size and brain activity.
~ Daniel Kahneman
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Your muscles tensed up, your blood pressure rose, and your heart rate increased. Someone looking closely at your eyes while you tackled this problem would have seen your pupils dilate.
~ Daniel Kahneman
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Restoring the level of available sugar in the brain had prevented the deterioration of performance.
~ Daniel Kahneman
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In another paper, titled "Boys Will Be Boys," they showed that men acted on their useless ideas significantly more often than women, and that as a result women achieved better investment results than men.
~ Daniel Kahneman
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I was telling them about an important principle of skill training: rewards for improved performance work better than punishment of mistakes.
~ Daniel Kahneman
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