Quotes by Daniel Kahneman

About Daniel Kahneman:

Daniel Kahneman is 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 (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.
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Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.

Daniel Kahneman

Economists think about what people ought to do. Psychologists watch what they actually do.

Daniel Kahneman

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.

Daniel Kahneman

If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding - you tend to be very risk-averse. When you think in terms of wealth, you tend to be much less risk-averse.

Daniel Kahneman

It's not a case of: 'Read this book and then you'll think differently. I've written this book, and I don't think differently.

Daniel Kahneman

So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.

Daniel Kahneman

We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.

Daniel Kahneman

Adaptation seems to be, to a substantial extent, a process of reallocating your attention.

Daniel Kahneman

There's a lot of randomness in the decisions that people make.

Daniel Kahneman

We have a very narrow view of what is going on.

Daniel Kahneman

People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.

Daniel Kahneman

If individuals are rational, there is no need to protect them against their own choices.

Daniel Kahneman

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

Daniel Kahneman

All of us would be better investors if we just made fewer decisions.

Daniel Kahneman

People's mood is really determined primarily by their genetic make-up and personality, and in the second place by their immediate context, and only in the third and fourth place by worries and concerns and other things like that.

Daniel Kahneman

We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.

Daniel Kahneman

We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.

Daniel Kahneman

One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.

Daniel Kahneman

When people talk of the economy being strong, they don't seem to feel that they, too, are better off.

Daniel Kahneman

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

Daniel Kahneman

Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.

Daniel Kahneman

Author Bio

  • NameDaniel Kahneman
  • DescriptionIsraeli-American psychologist
  • BornMarch 5, 1934
  • CountryIsrael; United States Of America
  • ProfessionPsychologist; Economist; University Professor; Scientist; Educationist