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
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.
loss ideas long
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
money ideas people
People have little idea, by and large, of the investment world. They are convinced they have an advantage.
clever ideas trying
I don't try to be clever at all. The idea that I could see what no one else can is an illusion.
ideas slow-down ifs
If there is time to reflect, slowing down is likely to be a good idea.
should-have ideas rising
In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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.
ideas giving people
If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable.
past ideas ease
The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.
ideas feelings intuition
Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don't decide to do it. We don't control it.
business compared effects enormity huge
There is research on the effects of 9/11, and you know, compared to the enormity of it, it didn't have a huge effect on people's mood. They were going about their business, mostly.
We're blind to our blindness. We have very little idea of how little we know. We're not designed to know how little we know.
compare denmark evaluate good life material money people standard successful tends themselves turns
When people evaluate their life, they compare themselves to a standard of what a successful life is, and it turns out that standard tends to be universal: People in Togo and Denmark have the same idea of what a good life is, and a lot of that has to do with money and material prosperity.
attitudes decision feelings gains lose losses major pain pleasure psychology results
I think one of the major results of the psychology of decision making is that people's attitudes and feelings about losses and gains are really not symmetric. So we really feel more pain when we lose $10,000 than we feel pleasure when we get $10,000.