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.
When you hurry you're more apt to make mistakes. But you have to be quick. If you're not quick you can't get things done.
I think everybody's weird. We should all celebrate our individuality and not be embarrassed or ashamed of it.
If self-knowledge is the road to virtue, so is virtue still more the road to self-knowledge.
Rules of living Don't worry, eat three square meals a day,say your prayers, be courteous to your creditors, keep your digestion good,steer clear of biliousness,exercise, go slow and go easy. May be there are other things that your special case requires to make you happy, but my friend, these, i reckon, will give you a good life.
People create their own questions because they are afraid to look straight. All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk.
What is it that stands higher than words? Action. What is it that stands higher than action? Silence.
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