Kahneman, Daniel

Psychologist-Philosopher Israeli-American Born 1934 (age 92)

Developed behavioral economics and decision theory.

380 quotes

"The coherence of a narrative is not a sign of its truth."
Truth
"Our brains are drawn to simple explanations, even when complex ones are more accurate."
Wisdom
"We tend to remember the vivid and the emotional more than the probable."
"Market inefficiencies exist, and they can be exploited by those who understand psychology."
Money
"Most of our decisions are made by our intuition, not our reason."
"The planning fallacy is one of the most pervasive of all the biases."
Wisdom
"We are all subject to the illusion of control."
"Progress requires the ability to change your mind based on new information."
Change
"Numbers can be manipulated to support almost any conclusion."
Truth
"We greatly overestimate our ability to understand complex phenomena."
Knowledge
"The quality of a person's life is determined by the quality of the questions they ask."
Life
"Our memories are not accurate recordings of events, but reconstructions."
"We respond more strongly to potential losses than to potential gains."
"Expertise is of little value in a chaotic environment."
Knowledge
"The illusion of understanding is a true illusion."
Wisdom
"We are all prone to the narrative fallacy."
"The power of a single idea can change the course of history."
History
"Our brains are magnificent, but they are also flawed."
Science
"We tend to underestimate the role of luck in success."
Success
"True expertise is built through deliberate practice over many years."
Education
"We are all subject to the law of large numbers."
Science
"Change is difficult because we are creatures of habit."
Change
"The more you know, the more you realize how much you don't know."
Knowledge
"We are all prone to overconfidence about our own competence."
"Luck plays a larger role in our success than we are willing to admit."
Success
"The power of positive thinking is overrated."
Wisdom
"We tend to be overconfident in areas where we have some expertise."
"The human brain is a storytelling machine."
"We are all subject to the anchoring effect in our judgments."
Knowledge
"The past is not as predictive of the future as we think."
Time