We're blind to our blindness. We have very little idea of how little we know. We're not designed to know how little we know.
Interpretation
We often underestimate our ignorance and the limits of our understanding.
Daniel Kahneman's quote emphasizes the idea that humans are often unaware of their own lack of knowledge. It suggests that we are, by nature, unable to fully comprehend the extent of our ignorance, leading us to make judgments and decisions based on an incomplete understanding of reality.
In practice
This quote could be used in a philosophy class discussing the nature of knowledge.
We think, each of us, that we're much more rational than we are. And we think that we make our decisions because we have good reasons to make them. Even when it's the other way around. We believe in the reasons, because we've already made the decision.
The average investor's return is significantly lower than market indices due primarily to market timing.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Laziness is built deep into our nature.
Through some combination of culture and biology, our minds are intuitively receptive to religion.
You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
We are all important, but we are not indispensable.
The hardness of a diamond is part of its usefulness, but its true value is in the light that shines through it.
Our greatest duty and our main responsibility is to help others. But please, if you can't help them, would you please not hurt them.
The test of any man lies in action.
You can put a new shirt on your back, slide a fresh chain around your neck, and accumulate all the money and power in the world, but at the end of the day those are just layers. Money and power don't change you, they just further expose your true self.
If I could have only one of my senses then I would choose hearing, Then I wouldn't feel so all alone.
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