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I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
Daniel Kahneman
Buy
You
People
Car
Will
Sleeping
Would
House
Advise
Without
Making
Improve
List
Then
Your
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
People
Feedback
Relevant
Reliable
Willing
Intuitive
Wrong
Likely
Make
Diagnosis
Lot
Very
Often
Even
Through some combination of culture and biology, our minds are intuitively receptive to religion.
Daniel Kahneman
Religion
Culture
Biology
Our
Minds
Intuitively
Some
Through
Combination
Receptive
If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
Daniel Kahneman
You
Believe
Finding
Some
Some Things
Likely
Due
Reflecting
Going
Hard
Things
We don't only tell stories when we set out to tell stories, our memory tells us stories. That is, what we get to keep from our experiences is a story.
Daniel Kahneman
Memory
Our
Out
Tell
Tells
Only
Get
Experiences
Stories
Story
Us
Keep
Set
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.
Daniel Kahneman
Life
You
People
My Life
Complex
Complexity
Know
Very
Get
Human
Human Beings
Psychologist
Fascinated
Beings
Lived
Career
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
Daniel Kahneman
Happiness
People
Everybody
Wave
Would
Like
Make
Lot
Huge
Happier
Interest
Coaching
Researchers
Among
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of them don't leave a trace.
Daniel Kahneman
Life
You
Three
Long
Seconds
Our
Month
About
Calculated
Know
Most
Trace
Said
Leave
Psychological
Them
Means
Moments
Million
Present
One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.
Daniel Kahneman
Time
People
Important
Research
Resource
Spend
Has-Been
Would
Seem
Finite
Emphasis
Course
How
Ultimate
Been
Question
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
You
Cats
Mind
Way
Machine
Harvard
Tables
Know
Dogs
Works
Professors
Things
Association
Associations
Economists think about what people ought to do. Psychologists watch what they actually do.
Daniel Kahneman
People
Think
Ought
About
Economists
Psychologists
Actually
Watch
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
Daniel Kahneman
Success
Failure
Mind
Easily
Recognize
More
Investment
Attractive
Said
Sounds
Than
Same
Far
Chance
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
People
Decision
Feelings
Lose
Pain
Think
Pleasure
About
More
Results
Feel
Major
Attitudes
Making
Losses
Than
Get
Psychology
Decision-Making
Gains
Really
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Daniel Kahneman
Run
Rationally
Protect
Executives
Does
Always
Behave
Going
Banks
Mean
Themselves
It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.
Daniel Kahneman
You
Trend
Think
Take
Observations
Many
We're beautiful devices. The devices work well; we're all experts in what we do. But when the mechanism fails, those failures can tell you a lot about how the mind works.
Daniel Kahneman
Work
Beautiful
You
Mind
Those
Tell
About
Fails
Failures
Devices
Well
How
Lot
Experts
Works
Mechanism
Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments.
Daniel Kahneman
Aim
Statistics
Running
Stuff
Scientists
Experiments
Psychologists
Elaborate
Really
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
You
Wealth
Think
Finding
Tend
Major
Terms
Loom
Because
Losses
Very
Than
Gains
Much
Less
Larger
We know that the French are very different from the Americans in their satisfaction with life. They're much less satisfied. Americans are pretty high up there, while the French are quite low - the world champions in life satisfaction are actually the Danes.
Daniel Kahneman
Life
World
Satisfied
High
Pretty
Know
French
Up
Very
American
Quite
Different
While
Low
Much
Less
Satisfaction
Actually
Champions
You know, the standard state for people is 'mildly pleasant.' Negative emotions are quite rare, and extremely positive emotions are rare. But people are mildly pleased most of the time, they're mildly tired a lot of the time, and they wish they were somewhere else a substantial part of the time - but mostly they're mildly pleased.
Daniel Kahneman
Positive
Time
Tired
You
People
Emotions
Negative
Rare
Somewhere
Wish
Else
Pleasant
State
Pleased
Extremely
Somewhere Else
Part
Know
Most
Mostly
Were
Lot
Quite
Substantial
Standard
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.
Daniel Kahneman
Wealth
Year
Few
Extract
Considerable
Market
Consistently
Able
Beat
Although
Amateur
Stock
Any
After
Skill
Professionals
Amount
Needed
Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
Daniel Kahneman
Day
You
Women
Satisfied
Mood
Married
More
Divorced
Look
Cheerful
Course
Surprising
Women Are
Which
Average
Less
Compared
Lives
Actually
My impression is that the elimination of memories greatly reduces the value of the experience.
Daniel Kahneman
Memories
Experience
Value
Impression
Greatly
Elimination
Organizations may be better able to tame optimism than individuals are.
Daniel Kahneman
Better
Able
Individuals
Tame
Optimism
Than
May
Organizations
As a society, we can and should invest more money in education.
Daphne Koller
Education
Money
Society
More
Invest
Should
I feel strongly that degrees are really valuable to people, and having MOOCs allow for credit down the line will increase the number of students with the confidence and wherewithal to complete degrees.
Daphne Koller
Confidence
People
Valuable
Will
Down
Increase
Complete
Degrees
Strongly
Having
Allow
Students
Feel
Line
Wherewithal
Really
Credit
Number
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