Daniel Kahneman

Psychologist Israeli-American Born 1934 (age 92)

Israeli-American psychologist who won Nobel Prize for behavioral economics research.

377 quotes

"People are risk-averse when facing gains but risk-seeking when facing losses."
Success
"We tend to attribute our successes to our abilities and our failures to circumstance."
Motivation
"The conjunction fallacy shows that people often ignore base rates in probability."
"Framing effects demonstrate that context matters enormously in decision-making."
Wisdom
"We are creatures of habit, and breaking habits requires sustained effort and awareness."
Change
"The illusion of validity occurs when we have high confidence in predictions with low accuracy."
Truth
"Expert intuition only develops in fields with regularity and opportunity for feedback."
Leadership
"Overconfidence grows with the complexity of the problem being judged."
Knowledge
"We underestimate the role of luck in the success of others."
Success
"The ability to think statistically is surprisingly rare among educated people."
Education
"Regression to the mean is often misinterpreted as a causal effect."
Science
"Social proof biases our opinions even when we don't realize it."
Relationships
"Confirmation bias leads us to seek evidence that supports what we already believe."
Truth
"The backfire effect shows that corrections can sometimes strengthen false beliefs."
Philosophy
"We are more swayed by personal stories than by statistics."
"The sunk cost fallacy causes us to continue investing in failing endeavors."
Wisdom
"Temporal discounting makes us overvalue immediate rewards relative to future ones."
Time
"We judge risks differently depending on whether they are presented as frequencies or percentages."
Knowledge
"The illusion of explanatory depth makes us think we understand complex systems better than we do."
Education
"People tend to overestimate their own contributions in group settings."
Work
"The spotlight effect leads us to think others notice us more than they actually do."
Life
"We are generally overconfident about our ability to predict our own emotions."
Happiness
"Cognitive ease is pleasant, and we are drawn to ideas and people that feel easy to think about."
Philosophy
"The difference between true experts and confident amateurs is often difficult to discern."
Leadership
"Most people are optimists, and this has both benefits and costs."
Hope
"Our sense of our own agency is often inflated by the illusion of control."
Power
"The tendency to see patterns can lead us to find meaning in randomness."
Science
"Attribute substitution occurs when we answer a hard question by answering an easy one instead."
Wisdom
"We are all prone to the false consensus effect, believing our views are more common than they are."
Truth
"System 1 thinking is fast but error-prone; System 2 thinking is deliberate but effortful."
Philosophy