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
thinking people watches
Economists think about what people ought to do. Psychologists watch what they actually do.
fear children thinking
What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
leader overconfident
The amount of success it takes for leaders to become overconfident isn't terribly large.
believe people support
When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.
optimistic mean odds
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.
believe fate successful
I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet to meet a successful scientist who lacks the ability to exaggerate the importance of what he or she is doing, and I believe that someone who lacks a delusional sense of significance will wilt in the face of repeated experiences of multiple small failures and rare successes, the fate of most researchers.
strong promise intuition
An executive might have a very strong intuition that a given product has promise, without considering the probability that a rival is already ahead in developing the same product.
dominance emotion argument
The dominance of conclusions over arguments is most pronounced where emotions are involved.
ideas assuming problem
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.
people coaching wave
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
decision intuition
When you are under time pressure for a decision, you need to follow intuition.
ignorance comforting world
Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.
love-you people spending-time
It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
thinking people decision
Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.