An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same. - Daniel Kahneman 1 Share Now -
Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference. - Daniel Kahneman 2 Share Now -
It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health; they also want to know whether researchers can validate subjective responses with physiological indices. - Daniel Kahneman 3 Share Now -
We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it. - Daniel Kahneman 4 Share Now -
Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time. - Daniel Kahneman 5 Share Now -
Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time. - Daniel Kahneman 6 Share Now -
I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness. - Daniel Kahneman 7 Share Now -
You know, the standard state for people is 'mildly pleasant.' Negative emotions are quite rare, and extremely positive emotions are rare. But people are mildly pleased most of the time, they're mildly tired a lot of the time, and they wish they were somewhere else a substantial part of the time - but mostly they're mildly pleased. - Daniel Kahneman 8 Share Now -
True intuitive expertise is learned from prolonged experience with good feedback on mistakes. - Daniel Kahneman 9 Share Now -
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. - Daniel Kahneman 10 Share Now -
