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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
Daniel Kahneman
Loneliness
Suffering
Poverty
Others
Would
Emotional
Clearly
Like
Policy
Reduce
Source
Elderly
Certainly
Hindsight bias makes surprises vanish.
Daniel Kahneman
Vanish
Bias
Hindsight
Makes
Surprises
Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
Daniel Kahneman
Seems
Attention
Substantial
Process
Your
Extent
Adaptation
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
Control
No Control
Over
Know
Doing
Very
Influenced
Automatic
Things
By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.
Daniel Kahneman
Nature
Artificial Intelligence
Intelligence
AI
Will
Shortcuts
Both
True
Biases
Very
Artificial
Human
Produce
Necessarily
Humans
Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.
Daniel Kahneman
People
Difficult
Negotiations
Easygoing
More
Tend
Allocation
Over
Pie
Because
Losses
Expanding
Much
Require
Bargain
Shrinking
Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.
Daniel Kahneman
Society
Rely
Highly
Clearly
Know
Fallible
Decision-Making
Should
When people evaluate their life, they compare themselves to a standard of what a successful life is, and it turns out that standard tends to be universal: People in Togo and Denmark have the same idea of what a good life is, and a lot of that has to do with money and material prosperity.
Daniel Kahneman
Life
Good
People
Money
Prosperity
Good Life
Out
Tends
Idea
Material
Denmark
Lot
Same
Themselves
Successful
Turns
Evaluate
Standard
Compare
Universal
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
Progress
Better
Lost
Past
Sense
One Thing
Volatility
Had
Getting
Getting Better
In The Past
Thing
Things
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.
Daniel Kahneman
Day
You
Every Day
People
Money
Miserable
Every
Changes
Project
Worst
Possible
Possible Thing
Bad
Constantly
Following
Bad Idea
Count
Idea
Long-Term
Because
Losses
Very
Stocks
Owning
Short-Term
Sensitive
Your
Thing
We think of our future as anticipated memories.
Daniel Kahneman
Future
Memories
Think
Our
Anticipated
Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
Daniel Kahneman
Age
Made
Before
Thinking
Extreme
Intuitive
Prone
Some
Except
Study
Mostly
Attribute
Fallacy
Issues
Effects
Just
Predictions
Planning
There's a lot of randomness in the decisions that people make.
Daniel Kahneman
People
Randomness
Make
Lot
Decisions
You're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person.
Daniel Kahneman
You
Cause
Recognize
Someone
Something
Know
Surprised
Person
Really
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
You
Book
Think
Case
Written
Read
Then
Differently
The idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time.
Daniel Kahneman
Time
You
Point
Idea
Well
Makes
How
Question
Done
Psychology
Ask
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
You
Thinking
State
About
Emotional
Attention
Lot
Really
Your
Paying
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
Quality
Emotions
Problem
Strong
Problems
Action
Intuition
No Reason
Powerful
Perhaps
Importance
Involve
Likely
Contrary
Expect
Improve
Impulses
Reason
Nobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens.
Daniel Kahneman
Voting
Stronger
Say
Would
Guy
Fact
He
Nobody
Partly
Because
Got
In Fact
Happens
Chin
Mental effort, I would argue, is relatively rare. Most of the time we coast.
Daniel Kahneman
Time
Rare
Relatively
Would
Mental
Argue
Most
Effort
Coast
When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
Daniel Kahneman
People
Strong
Better
Too
Seem
Better Off
Feel
Economy
Talk
Off
Being
Being Strong
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.
Daniel Kahneman
People
Superior
Other
Presumption
Ability
Gives
Mortals
Know
Understand
Math
Them
Who
The concept of happiness has to be reorganised.
Daniel Kahneman
Happiness
Concept
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman
Focus
Isolation
Securities
Risk
Tendency
Individual
Investments
Investors
Look
All of us would be better investors if we just made fewer decisions.
Daniel Kahneman
Better
Made
Would
Would-Be
Investors
Fewer
Just
Decisions
Us
The average investor's return is significantly lower than market indices due primarily to market timing.
Daniel Kahneman
Timing
Market
Investor
Primarily
Return
Due
Than
Average
Lower
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