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
people important research
One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.
mind culture biology
Through some combination of culture and biology, our minds are intuitively receptive to religion.
children people spouse
People are really happier with friends than they are with their families or their spouse or their child.
organization optimism able
Organizations may be better able to tame optimism than individuals are.
loss psychology aversion
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
optimism may action
When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
errors objectives observers
We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.
intelligent use care
If you care about being thought credible and intelligent, do not use complex language where simpler language will do.
powerful organization optimism
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.
thinking form
The most effortful forms of slow thinking are those that require you to think fast.
past illusion ability
The illusion that we understand the past fosters overconfidence in our ability to predict the future.
thinking experts
Most of the time, we think fast. And most of the time we're really expert at what we're doing, and most of the time, what we do is right.
optimistic people
Most people are highly optimistic most of the time.
people hearing facts
You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.