450 Quotes by Daniel Kahneman

My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.

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.

Individual investors predictably flock to stocks in companies that are in the news.

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.

We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.

Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.

The conclusion is straightforward : self-control requires attention and effort.

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.

We are far too willing to reject the belief that much of what we see in life is random.