Daniel Kahneman Quotes & Sayings (Page 5)

“If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable.”

“If individuals are rational, there is no need to protect them against their own choices.”

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

“Nobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens.”

“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.”

“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.”

“All of us would be better investors if we just made fewer decisions.”

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

“It's very easy for trusted companies to mislead naive customers, and life insurance companies are trusted.”

“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.”