Daniel Kahneman - Thinking, Fast and Slow (2011)

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We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.

Daniel Kahneman

When action is needed, optimism, even of the mildly delusional variety, may be a good thing.

Daniel Kahneman

We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.

Daniel Kahneman

Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.

Daniel Kahneman

The psychologist, Paul Rozin, an expert on disgust, observed that a single cockroach will completely wreck the appeal of a bowl of cherries, but a cherry will do nothing at all for a bowl of cockroaches.

Daniel Kahneman

The most effortful forms of slow thinking are those that require you to think fast.

Daniel Kahneman

Survival prospects are poor for an animal that is not suspicious of novelty.

Daniel Kahneman

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

Daniel Kahneman

It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.

Daniel Kahneman