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Daniel Kahneman Biography

Daniel Kahneman

Daniel Kahneman (/ˈkɑːnəmən/; Hebrew: דניאל כהנמן‎, born March 5, 1934) is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.

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Daniel Kahneman Quotes

We can be blind to the obvious, and we are also blind to our blindness.

Blind, Blindness, Obvious

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.

People, Diagnosis, Feedback, Intuitive

Each additional day together is a gift. The end of the day means the end of hostilities, the recognition that the underlying shared values and commitment to the relationship trump the need for one last dig or self-righteous justification.

Mean, Commitment, Self, Justification, Hostilities, Recognition

People who face a difficult question often answer an easier one instead, without realizing it.

Answers, Difficult Questions, Face, People, Question

I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.

Views, Matter, Satisfaction, Experienced, Proposed, Unitary

Below an income of. . . $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. . . . Money does not buy you experiential happiness, but lack of money certainly buys you misery.

Inspiration, Lack, Motivation, Poorer, Unhappier, Years

Some achieve a reputation for great successes when in fact all they have done is take chances that reasonable people wouldn't take.

Achieve, Done, Facts, People, Reasonable, Reputation

Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages.

Successful, Knowing, Luck, Comparison, Regular

People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.

Contribution, Emotional, Large, Loneliness, People, Reduction

One of the problems with expertise is that people have it in some domains and not in others.

Domain, Domains, Expertise, People, Problem, Problems

There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.

Agreement, Chance, Game, Games, Investing, Playing

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.

Emphasis, Important, People, Research, Time, Ultimate

Mental effort, I would argue, is relatively rare. Most of the time we coast.

Arguing, Coast, Effort, Mental, Time

You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts.

Hope, Investing, Long, Pickers, Stock, Wall

Groups tend to be more extreme than individuals.

Groups, Individual, Extremes, Extreme, Individuals

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

Doe, Executives, Mean, Rationally, Run, Running

People assign much higher probability to the truth of their opinions than is warranted.

Higher, Opinion, Opinions, People, Truth, Warranted

If people are failing, they look inept. If people are succeeding, they look strong and good and competent. That's the 'halo effect. ' Your first impression of a thing sets up your subsequent beliefs. If the company looks inept to you, you may assume everything else they do is inept.

Company, First Impression, Look, People, Strong, Subsequent

The dominance of conclusions over arguments is most pronounced where emotions are involved.

Argument, Dominance, Emotion, Emotions, Involved, Pronounced

I enjoy being active, but I look forward to the day when I can retire to the Internet.

Active, Enjoy, Internet, Looks, Retire

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