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
change believe past
We're not aware of changing our minds even when we do change our minds. And most people, after they change their minds, reconstruct their past opinion - they believe they always thought that.
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.
truth people opinion
People assign much higher probability to the truth of their opinions than is warranted.
use-of-time way use
The easiest way to increase happiness is to control your use of time.
heuristics shortcuts produce
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.
people nonsense more-money
It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.
self-esteem people challenges
Facts that challenge basic assumptions-and thereby threaten people's livelihood and self-esteem-are simply not absorbed. The mind does not digest them.
reality different alternatives
Alternative descriptions of the same reality evoke different emotions and different associations.
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.
choices needs individual
If individuals are rational, there is no need to protect them against their own choices.
self helping self-help
I'm not a great believer in self-help.
looks internet enjoy
I enjoy being active, but I look forward to the day when I can retire to the Internet.
running mean doe
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
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.