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Optimism is the last resort of those in deep despair. There can't be any optimists in heaven.

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Daniel Kahneman

Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.

Decision, People, Think, Thinking, Way
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Spend some effort in figuring out why each decision did or did not pan out. Doing that systematically is key: really try to question the way you make decisions, and improve it.

Keys, Choices, Effort, Improve, Make, Systematically

Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time.

Feelings, Determined, Family Relationship, Relationships, Feeling, Family

Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.

Clearly, Decision, Fallible, Know, Rely, Should

After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.

World, Facts, Illusion, Crisis, Incomprehensible, Understand

Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.

Powerful, Quality, Stories, Construct, Primarily, Source
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