450 Quotes by Daniel Kahneman

People who know math understand what other mortals understand, but other mortals do not understand them. This asymmetry gives them a presumption of superior ability.

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

The effort invested in 'getting it right' should be commensurate with the importance of the decision.

People who face a difficult question often answer an easier one instead, without realizing it.

... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.

The average investor's return is significantly lower than market indices due primarily to market timing.

People are very complex. And for a psychologist, you get fascinated by the complexity of human beings, and that is what I have lived with, you know, in my career all of my life, is the complexity of human beings.

Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed.

Groups tend to be more extreme than individuals.