Daniel Kahneman - 10 life-changing quotes he gave the world.
Number 1 : MANY PEOPLE ARE OVERCONFIDENT, PRONE TO PLACE TOO MUCH FAITH IN THEIR INTUITIONS. THEY APPARENTLY FIND COGNITIVE EFFORT AT LEAST MILDLY UNPLEASANT AND AVOID IT AS MUCH AS POSSIBLE.
Number 2 : MONEY DOES NOT BUY YOU HAPPINESS, BUT LACK OF MONEY CERTAINLY BUYS YOU MISERY.
Number 3 : BY THEIR VERY NATURE, HEURISTIC SHORTCUTS WILL PRODUCE BIASES, AND THAT IS TRUE FOR BOTH HUMANS AND ARTIFICIAL INTELLIGENCE, BUT THE HEURISTICS OF AI ARE NOT NECESSARILY THE HUMAN ONES.
Number 4: COURAGE IS WILLINGNESS TO TAKE THE RISK ONCE YOU KNOW THE ODDS. OPTIMISTIC OVERCONFIDENCE MEANS YOU ARE TAKING THE RISK BECAUSE YOU DON’T KNOW THE ODDS. IT’S A BIG DIFFERENCE.
Number 5: 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.
Number 6 : NOTHING IN LIFE IS AS IMPORTANT AS YOU THINK IT IS WHEN YOU ARE THINKING ABOUT IT.
Number 7 : PEOPLE TEND TO ASSESS THE RELATIVE IMPORTANCE OF ISSUES BY THE EASE WITH WHICH THEY ARE RETRIEVED FROM MEMORY—AND THIS IS LARGELY DETERMINED BY THE EXTENT OF COVERAGE IN THE MEDIA. FREQUENTLY MENTIONED TOPICS POPULATE THE MIND EVEN AS OTHERS SLIP AWAY FROM AWARENESS. IN TURN, WHAT THE MEDIA CHOOSE TO REPORT CORRESPONDS TO THEIR VIEW OF WHAT IS CURRENTLY ON THE PUBLIC’S MIND. IT IS NO ACCIDENT THAT AUTHORITARIAN REGIMES EXERT SUBSTANTIAL PRESSURE ON INDEPENDENT MEDIA. BECAUSE PUBLIC INTEREST IS MOST EASILY AROUSED BY DRAMATIC EVENTS AND BY CELEBRITIES, MEDIA-FEEDING FRENZIES ARE COMMON.
Number 8: OUR COMFORTING CONVICTION THAT THE WORLD MAKES SENSE RESTS ON A SECURE FOUNDATION: OUR ALMOST UNLIMITED ABILITY TO IGNORE OUR IGNORANCE.
Number 9 : A RELIABLE WAY TO MAKE PEOPLE BELIEVE IN FALSEHOODS IS FREQUENT REPETITION, BECAUSE FAMILIARITY IS NOT EASILY DISTINGUISHED FROM TRUTH. AUTHORITARIAN INSTITUTIONS AND MARKETERS HAVE ALWAYS KNOWN THIS FACT.
Number 10 : FRIENDS ARE SOMETIMES A BIG HELP WHEN THEY SHARE YOUR FEELINGS. IN THE CONTEXT OF DECISIONS, THE FRIENDS WHO WILL SERVE YOU BEST ARE THOSE WHO UNDERSTAND YOUR FEELINGS BUT ARE NOT OVERLY IMPRESSED BY THEM.
