450 Quotes by Daniel Kahneman

Laziness is built deep into our nature.

The concept of happiness has to be reorganised.

Hindsight bias makes surprises vanish.

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

You can always find an evolutionary quotation for anything. But the question is whether it's functional, which is not the same as being evolutionary.

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

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

Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception.

Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.