"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
Daniel Kahneman, born on March 5, 1934, in Tel Aviv, Israel, is a celebrated psychologist renowned for his groundbreaking work in behavioral economics. Awarded the Nobel Prize in Economic Sciences in 2002, Kahneman's research, particularly in decision-making and cognitive biases, has reshaped our understanding of human behavior and economics. His influential book, "Thinking, Fast and Slow," explores the dual systems of thought that govern our choices, leaving a lasting legacy that bridges psychology and economics, and continues to inspire scholars and practitioners alike.
9 quotes found
"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
"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"Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues."
Daniel Kahneman