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
animal survival novelty
Survival prospects are poor for an animal that is not suspicious of novelty.
thinking would-be professors
It was always assumed I would be a professor. I grew up thinking it.
mistake mean people
Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
laziness built
Laziness is built deep into our nature.
willingness
I have always emphasized the willingness to discard.
surprise hindsight bias
Hindsight bias makes surprises vanish.
evolution quotations
You can always find an evolutionary quotation for anything. But the question is whether it's functional, which is not the same as being evolutionary.
reality risk perception
Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception.
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.
attention adaptation process
Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
decision would-be made
All of us would be better investors if we just made fewer decisions.
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.
boundaries expertise
Experts don't know exactly where the boundaries of their expertise are.
believe reflecting findings
If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.