An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can d… - Daniel Kahneman
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can d…
- Daniel Kahneman
True intuitive expertise is learned from prolonged experience with good feedback on mistakes. - Daniel Kahneman
True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize… - Daniel Kahneman
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize…
Mind is a machine for jumping to conclusions - Daniel Kahneman
Mind is a machine for jumping to conclusions
When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are uns… - Daniel Kahneman
When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are uns…
Every night for the next week, set aside ten minutes before you go to sleep. Write down three things that went well today and why they went well...Wr… - Daniel Kahneman
Every night for the next week, set aside ten minutes before you go to sleep. Write down three things that went well today and why they went well...Wr…
Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance. - Daniel Kahneman
Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.
The illusion that we understand the past fosters overconfidence in our ability to predict the future. - Daniel Kahneman
The illusion that we understand the past fosters overconfidence in our ability to predict the future.
We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true. - Daniel Kahneman
We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
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