Daniel Kahneman is a famous Israeli psychologist born in the famous city of Tel Aviv in 1934.
During his childhood, Kahneman lived in Paris, France. This remarkable psychologist survived with his family during World War II and the Nazi persecution of the Jewish people, a feat that unfortunately many others failed to accomplish.
In 2002 with his friend and colleague Vernon Smith, Kahneman received the Nobel Prize in economics. An award that this celebrity won as a psychologist and not as an economist, which many people did not understand at the time.
Famous quotes and phrases from Daniel Kahneman
Would you like to be able to know the most relevant phrases of this great figure of modern economics?
Below you will discover the 55 best quotes of Daniel Kahneman, A person who taught us the importance of psychology in economic terms.
1. This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier question, usually without noticing the substitution.
Our mind has some really amazing mechanisms, we can always learn new things about how it works.
2. The confidence people have is determined by the consistency of the story they are trying to build from the information they have.
The information we have can give us a false sense of security.
3. Most of our impressions and thoughts arise in our conscious experience without our knowing how.
We can control our emotions and thoughts in a certain way, with our initial predisposition to a conclusion already explored before.
4. Intuition cannot be invoked in the absence of stable regularities in the environment.
Our intuition can be wrong, blindly believing that it can be very expensive.
5. Our innate desire to separate physical causality from intentionality explains the near universality of religious beliefs.
Many coincidences that we can find in our daily lives have been the result of manipulation by third parties.
6. All variants of voluntary cognitive, emotional, or physical effort utilize, at least in part, a common pool of mental energy.
Our mind is the initial engine of everything we do in life, whether it is a physical, mental or emotional action.
7. The only perspective we can take when thinking about our life is that of memory.
Through our memories, we all believe in our minds which, for us, is the film of our life.
8. Tastes and decisions are shaped by memories, and memories can be false.
Memories often show us a biased view, and from our particular point of view, of something that happened differently in the past.
9. People tend to rate the relative importance of certain issues based on how easily they are remembered, and this is largely determined by the degree of coverage they find in the media.
When we have photos or videos of a particular moment in the past, we will remember that moment much more easily than any other.
10. Why do we find it so difficult to think statistically? We think associatively, we think metaphorically, and we think causally with ease, but to do it statistically, you have to think about several things at once.
Humans generally don’t think statistically, there are many other procedures we use to explain something that we generally find easier to understand.
11. We are inclined to overestimate what we understand about the world and to underestimate the role of chance in events.
Our perception gives us a view of the world in which we live, in which we believe that we can even come to perceive what is going to happen. This fact is still a simple illusion not in conformity with reality.
12. The spontaneity of an intuitive solution sometimes fails: neither an expert solution nor a heuristic answer comes to mind. In these cases, it’s common for us to switch to a slower, more meditative, and more intense way of thinking.
In order to find the solution to a serious problem, in most cases, we will need to meditate slowly. Good solutions do not appear easily.
13. Nothing is as bad as it sounds when you think about it.
Take a step back and be objective, the problems can be less serious.
14. We can be obviously blind and blind to our blindness.
Ignorance does not allow us to be aware of their possession. It’s a frankly curious fact about how ignorance works.
15. We focus on what we know and ignore what we don’t know, causing us to rely too heavily on our beliefs.
We certainly tend to think that we know everything; which undoubtedly seriously undermines our decisions.
16. If you are concerned that the message may sound believable and intelligent, do not use complicated language when plain language will suffice.
Using plain language will make it easier for our words to fit into someone else’s mind.
17. A general limitation of the human mind is its insufficient ability to recognize past states of knowledge or beliefs that have changed. Once we adopt a new worldview (or part of it), we immediately lose much of our ability to remember what we believed before our thinking changed.
Human beings adapt to the time they live, changing their ways of thinking and banishing old beliefs from their minds.
18. My ideas on the definition of “well-being” have changed. The goals that people set out to achieve are so important to what they do and what they feel, that focusing exclusively on perceived well-being is not sustainable. We cannot maintain a concept of well-being that ignores what people want.
Our desires influence our particular conception of well-being, causing us great dissatisfaction when we do not achieve them.
19. Often our brain rationalizes automatic thoughts and presents them as the result of elaborate reasoning. But these are stories that we made up to justify decisions that are actually the result of our prejudices. It is a way of deceiving us.
The brain, as this sentence tells us, can be wrong. Many of our beliefs are often based on simple assumptions and prejudices.
20. People are very sensitive to the pressures and the immediate consequences they can have. Long-term effects are more abstract and more difficult to explain. For example, global warming: when the threat materializes in time, it will be too late to react.
We tend to think that those things that are supposed to happen in the future will never happen, we are wrong.
21. This is the halo effect: if you do something right, it looks like you will do everything right. If I tell him about a leader and tell him: he is an intelligent leader and a fighter and … corrupt! The third adjective comes late, when you already have a favorable judgment on that leader, emanating from the halo effect of the two preceding positive adjectives.
We have formed false opinions about certain people or situations. Many of us have not carefully created our own opinion.
22. We focus on what we want and can do, regardless of the plans and abilities of others.
The actions of others influence our own and may increase their effectiveness or negate them altogether.
23. We have a hard time admitting mistakes, because it means giving up the security that these simplistic assumptions give us.
We have to admit our own mistakes, that way we can correct them as quickly as possible.
24. To be useful, our beliefs must be subjected to the logic of probabilities.
Probability can shatter any belief we have that we should not leave our future in the hands of chance.
25. When you make a commitment that can have consequences in the future, you need to know if you will like the results or if you like to stay as you are now.
What we do today can mean a number of advantages or disadvantages in the future, are we sure this is what we want?
26. When I bought my house, I made a joint budget for the house and the furniture. So I avoided the poverty effect which makes you, after paying a fortune for a house, buy furniture that is too cheap, because you feel poor.
This is something that a lot of people usually do, buy a house and furniture at the same time. A psychological trick that can change our own perception of what we are doing.
27. In explaining the past and predicting the future, we focus on the causal role of fitness and ignore the role of luck. Therefore, we easily incur the illusion of control.
The illusion that we are in control of our future is something we all have, luck is a determining factor in everyone’s life.
28. We are unable to disentangle the complexity of the world, so we tell ourselves a simplistic story so that we can decide and reduce the anxiety that creates us which is incomprehensible and unpredictable.
This is how our perception works, it simply focuses on what we can understand, rejecting what we cannot understand.
29. Frequent repetition is a sure way to get people to create lies, as familiarity is not easily distinguished from truth.
As Goebbels would say, a lie told a thousand times can become a truth.
30. The expectation of happiness before marriage increases until the wedding day and drops considerably in successive years …
Marriage becomes a trap for many people. Not everyone feels comfortable in this particular situation.
31. Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and focus attention when needed.
With our intelligence, we learn from our mistakes and from the data we receive from others.
32. As a result, collective confidence in long-term decisions is forced on short-term uncertainty.
We must not be carried away by the group or by society, we must be able to impose our own opinion.
33. Joy, emotion or satisfaction are more important in the West than in the East, where calm is more appreciated.
In Eastern Europe, being able to live a quiet life is the ultimate goal of many people.
34. The possibility for professionals to develop intuitive skills from their experience depends crucially on the quality and speed of this feedback, as well as the sufficiency of practical opportunities.
Professionals, often less valued than they should be, their experiences can be very enriching for us.
35. Complex thinking takes effort and when choosing between two paths our brain usually chooses the simpler one. Mental effort comes at a cost, and the brain tends to save it.
Many of us tend to take the easy path, as the effort of valuing the difficult path as it deserves can seem like a worthless exercise.
36. Often we ignore the little information we have, and if we are not aware of it, we have the phenomenon of overconfidence. Confidence is not a judgment, it is a feeling.
Lack of awareness of risk can give us a false sense of security, even leading us to commit many follies in life.
37. Our heartwarming conviction that the world makes sense rests on a sure foundation: our almost limitless ability to ignore our ignorance.
Being aware of our ignorance is the first step in being able to overcome it, knowledge is an essential thing in our lives.
38. We tend to have great confidence in the judgments we make on the basis of very little information. It is one of the most important aspects of cognition. We are able to generate very fast interpretations; this is wonderful, because it allows us to act quickly, but on the other hand we are not aware of what we do not know.
Our limited perception allows us to act quickly, but it does not allow us to act properly.
39. Taking things seriously involves an emotional element. Emotions are evoked faster and more intensely by immediate things. Democracies work this way, for example. People are forced to think short term. This is one of the big problems with democracies, but systems that are not democratic …. They have other problems.
Thinking carefully about the problems will give us the opportunity to find the right answer.
40. Politicians and publicists turn to System 1 (emotional, non-rational). They plan things effectively for their purposes. System 1 generates the best possible story with the information at its disposal, a story with internal consistency. The problem is, we find it hard to accept new information that is incompatible with the history we have formed.
Appealing to emotions will always be the easiest way to convince someone, emotions can give us a false sense of truthfulness.
41. I have always believed that scientific research is another area in which some form of optimism is essential for success: I am always looking for a scientist who cannot overstate the importance of what he does. , and I think someone who doesn’t. deceived about its importance will languish by repeating the experience of its many small failures and rare successes, which is the fate of most researchers.
Self-convincing is a key factor to be able to start any great task, we have to believe that we are capable of achieving our goal.
42. Nothing in life is as important as you think when you think about it.
We have to think carefully about the problems, they may not be as bad as they seemed at first.
43. As absurd as it may sound, I am the “I” who remembers, being the “I” who experiences, the “I” who gives content to my life, a stranger to me.
The mind is wonderful and has complex mechanisms that are often unknown to us.
44. Rapid thinking includes the two variants of intuitive thinking – expert and heuristic – as well as the purely automatic mental activities of perception and memory.
Moving through our memory can be extremely easy for us. Our memories and thoughts only last a tenth of a second. The mind can be very efficient in its work.
45. A general law of least exertion governs both cognitive and physical activity. The law states that if there are several ways to achieve the same goal, the individual will eventually turn to the less demanding model of action. In action economy, effort is a cost, and skill acquisition is determined by the balance of costs and benefits. Laziness is deeply rooted in our nature.
There is no doubt that man tends to think as little as possible, because even mental effort is an exercise that we often do not want to do.
46. The poor think like traders, but the dynamics here are very different. Unlike traders, the poor are not indifferent to the differences between winning and losing. His problem is that all his choices are lost. Money spent on one good means the loss of another good that they could have acquired instead of the first. For the poor, the costs are losses.
A very particular way of understanding poverty, it is true that money calls for money and its absence can also lead us to the opposite situation.
47. The acquisition of skills requires a regular environment, an adequate opportunity to practice it and a quick and unequivocal feedback so that thoughts and actions are correct. When these conditions are met, competence develops, and the intuitive judgments and choices that the mind immediately makes are almost always the right ones.
It is true that in order to acquire skills, the environment and the situation must be right for this to happen.
48. The idea that the future is unpredictable is weakened every day by the ease with which we explain the past.
We tend to think that the future will follow certain ideas that seem clear to us, it should have nothing to do with the truth or be true to reality.
49. Learning from surprises is something that is certainly reasonable; but it can have dangerous consequences.
We can learn from these situations that surprised us, but it shouldn’t be our primary learning option. In the long run, it will certainly be counterproductive.
50. Situations are constantly evaluated as good or bad, which advise escaping or allowing the approach.
Any situation we encounter is quickly evaluated by our brain, instantly categorizing them as positive or negative for us.
51. The enthusiasm we understand for the past fosters overconfidence in our ability to predict the future.
Our limited perception gives us a distorted view of reality that we believe to be true.
52. The premise of this book is that it is easier to recognize the mistakes of others than our own.
Whether it’s our own mistakes or those of others, the important thing is to never stop learning.
53. The psychological learning test seeks to know whether our understanding of the situations we encounter has changed, and not whether we have experienced a new fact.
The information we receive changes the way we think and often changes our own opinion about it.
54. A better understanding of these heuristics and the biases they entail could improve judgments and decisions in situations of uncertainty.
Better understanding how we act in a given situation can help us find the right solution. Knowledge will always be positive for us.
55. People can maintain an indestructible faith in even an absurd statement when they feel supported by a community of like-minded believers.
The opinions of those around us influence our own opinion, these opinions can generate doubts in us that we do not know how to answer. We often think that the group’s opinion might be correct.