Daniel Kahneman

Daniel Kahneman

Israeli-American psychologist
Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition. These findings add to the growing evidence that good mood, intuition, creativity, gullibility, and increased reliance on System 1 form a cluster. At the other pole, sadness, vigilance, suspicion, an analytic approach, and increased effort also go together. A happy mood loosens the control of System 2 over performance: when in a good mood, people become more intuitive and more creative but also lessMore Daniel Kahneman quotes [03/29/2018 05:03:36]
When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.More Daniel Kahneman quotes [03/29/2018 05:03:36]
Nothing in life is quite as important as you think it is while you're thinking about it.More Daniel Kahneman quotes [03/29/2018 05:03:36]
Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.More Daniel Kahneman quotes [03/29/2018 05:03:36]
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.More Daniel Kahneman quotes [03/29/2018 05:03:36]

Quotes of the month

Jake Johnson I try to collect money and I keep it in a special place called the bank. I collect a bunch of things called money, dollar bills, and I keep them in a safe under my bed. [03/29/2018 05:03:36] More


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Katharine Graham Democracy depends on information circulating freely in society. [03/29/2018 05:03:36] More


Joe Strummer There isn't a town in the world I haven't run amok in. [03/29/2018 05:03:36] More


Christiane Amanpour We were thrilled and we were privileged to be part of a revolution, because make no mistake about it, Ted Turner changed the world with CNN. [03/29/2018 05:03:36] More