Daniel Kahneman
Daniel Kahneman
Daniel Kahnemanis an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. His empirical findings challenge the assumption of human rationality prevailing in modern economic theory...
NationalityIsraeli
ProfessionPsychologist
Date of Birth5 March 1934
CountryIsrael
Daniel Kahneman quotes about
truth people opinion
People assign much higher probability to the truth of their opinions than is warranted.
optimistic risk definitions
A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a serious underestimate of the risk of failure.
people decision want
My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
clubs groups individual
When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
long political example
There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
decision should rely
Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.
thinking feelings deliberate
Slow thinking has the feeling of something you do. It's deliberate.
ideas psychology done
The idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time.
causes persons knows
You're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person.
decision would-be made
All of us would be better investors if we just made fewer decisions.
looks internet enjoy
I enjoy being active, but I look forward to the day when I can retire to the Internet.
self helping self-help
I'm not a great believer in self-help.
choices needs individual
If individuals are rational, there is no need to protect them against their own choices.
money community understanding
The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in academia or in the investment community, you'd better pay serious attention to them.