Daniel Kahneman: Trending quotes (page 3)

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Daniel Kahneman: 102   quotes 16   likes

“The lesson is clear: estimates of causes of death are warped by media coverage. […] The world in our heads is not a precise replica of reality; our expectations about the frequency of events are distorted by the prevalence and emotional intensity of the messages to which we are exposed.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 13, "Availability, emotion, and risk", page 138 (ISBN 9780141033570).

Death , World , Reality

“He weights losses about twice as much as gains, which is normal.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 26, "Prospect theory", page 288 (ISBN 9780141033570).

Loss

“It took Francis Galton several years to figure out that correlation and regression are not two concepts – they are different perspectives on the same concept. The general rule is straightforward but has surprising consequences: whenever the correlation between two scores is imperfect, there will be regression to the mean.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 17, "Regression to the mean", page 181 (ISBN 9780141033570).

“It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 7, "A machine for jumping to conclusions", page 87 (ISBN 9780141033570).

“A rare event will be overweighted if it specifically attracts attention. […] And when there is no overweighting, there will be neglect.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 30, "Rare events", page 333 (ISBN 9780141033570).

“There is no evidence that risk takers in the economic domain have an unusual appetite for gambles on high stakes; they are merely less aware of risks than more timid people are.”

Daniel Kahneman book Thinking, Fast and Slow

Source: Thinking, Fast and Slow (2011), Chapter 24, "The engine of capitalism", page 263 (ISBN 9780141033570).

People

“We often interact with professionals who exercise their judgment with evident confidence, sometimes priding themselves on the power of their intuition. In a world rife with illusions of validity and skill, can we trust them? How do we distinguish the justified confidence of experts from the sincere overconfidence of professionals who do not know they are out of their depth? We can believe an expert who admits uncertainty but cannot take expressions of high confidence at face value. As I first learned on the obstacle field, people come up with coherent stories and confident predictions even when they know little or nothing. Overconfidence arises because people are often blind to their own blindness.”

Daniel Kahneman

Don’t Blink! The Hazards of Confidence, The New York Times, 19 October 2011, 15 May 2014 http://www.nytimes.com/2011/10/23/magazine/dont-blink-the-hazards-of-confidence.html?pagewanted=all&_r=0,
"Don't Blink! The Hazards of Confidence" (2011)

People , World , Exercises , Confidence

“An experiment about your next vacation will allow you to observe your attitude to your experiencing self: At the end of the vacation, all pictures and videos will be destroyed. Furthermore, you will swallow a potion that will wipe out all your memories of the vacation. How would this affect your vacation plans? How much would you be willing to pay for it, relative to a normally memorable vacation? My impression is that the elimination of memories greatly reduces the value of the experience.Imagine a painful operation during which you will scream in pain and beg the surgeon to stop. However, you are promised an amnesia-inducing drug that will wipe out any memory of the episode. Here again, my observation is that most people are remarkably indifferent to the pains of their experiencing self. Some say they don’t care at all. Others share my feeling, which is that I feel pity for my suffering self but not more than I would feel for a stranger in pain.I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.”

Daniel Kahneman

Bias, Blindness and How We Truly Think (Part 4): Daniel Kahneman, bloomberg.com, 24 October 2011, 15 May 2014 http://www.bloomberg.com/news/2011-10-27/bias-blindness-and-how-we-truly-think-part-4-daniel-kahneman.html,
"Bias, Blindness and How We Truly Think" (2011)

Pain , Indifference , People , Suffering

“No one ever made a decision because of a number. They need a story.”

Daniel Kahneman

Michael Lewis. "The Undoing Project: A Friendship that Changed the World". Penguin, 2016 (ISBN 9780141983035).

Decision

“There's literally no difference between a physician recognizing a disease from a "facial expression", and a little child pointing to something and saying "doggie."”

Daniel Kahneman

Source: Talks at Google - Nov 10, 2011

Disease