"An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same."
Daniel KahnemanTiny Panda Quotes
Quotes by Daniel Kahneman
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"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."
Daniel Kahneman"True intuitive expertise is learned from prolonged experience with good feedback on mistakes."
Daniel Kahneman"When you analyze happiness, it turns out that the way you spend your time is extremely important."
Daniel Kahneman"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."
Daniel Kahneman"It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient."
Daniel Kahneman"Political columnists and sports pundits are rewarded for being overconfident."
Daniel Kahneman"People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel."
Daniel Kahneman