Daniel Kahneman

Thinking, Fast and Slow

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    princessasem39149has quoted2 years ago
    he gorilla study illustrates two important facts about our minds: we can be blind to the obvious, and we are also blind to our blindness.
    deliceehas quoted5 months ago
    You can do several things at once, but only if they are easy and undemanding
    Soliloquios Literarioshas quoted5 months ago
    Different groups of participants stated their willingness to pay to save 2,000, 20,000, or 200,000 birds. If saving birds is an economic good it should be a sum-like variable: saving 200,000 birds should be worth much more than saving 2,000 birds. In fact, the average contributions of the three groups were $80, $78, and $88 respectively. The number of birds made very little difference. What the participants reacted to, in all three groups, was a prototype—the awful image of a helpless bird drowning, its feathers soaked in thick oil. The almost complete neglect of quantity in such emotional contexts has been confirmed many times.
    Soliloquios Literarioshas quoted6 months ago
    Why be concerned with gossip? Because it is much easier, as well as far more enjoyable, to identify and label the mistakes of others than to recognize our own. Questioning what we believe and want is difficult at the best of times, and especially difficult when we most need to do it, but we can benefit from the informed opinions of others. Many of us spontaneously anticipate how friends and colleagues will evaluate our choices; the quality and content of these anticipated judgments therefore matters.
    b5195249665has quoted2 months ago
    is now conceivable, as it was not even a few years ago, that an index of the amount of suffering in society will someday be included in national statistics
    b5195249665has quoted2 months ago
    he definition of rationality as coherence is impossibly restrictive; it demands adherence to rules of logic that a finite mind is not able to implement.
    b5195249665has quoted2 months ago
    only test of rationality is not whether a person’s beliefs and preferences are reasonable, but whether they are internally consistent.
    b5195249665has quoted2 months ago
    famous example of the Chicago approach is titled A Theory of Rational Addiction; it explains how a rational agent with a strong preference for intense and immediate gratification may make the rational decision to accept future addiction as a consequence
    b5195249665has quoted2 months ago
    ernicious implication of the rational-agent model in its extreme form is that customers are assumed to need no protection beyond ensuring that the relevant information is disclosed
    b5195249665has quoted2 months ago
    presentation greatly matters; if, for example, a potential outcome is framed as a loss, it may have more impact than if it is presented as a gain.”
    b5195249665has quoted2 months ago
    Humans, unlike Econs, need help to make good decisions, and there are informed and unintrusive ways to provide that help.
    b5195249665has quoted2 months ago
    The voice of reason may be much fainter than the loud and clear voice of an erroneous intuition, and questioning your intuitions is unpleasant when you face the stress of a big decision.
    b5195249665has quoted2 months ago
    We do not always think straight when we reason, and the errors are not always due to intrusive and incorrect intuitions. Often we make mistakes because we (our System 2) do not know any better.
    b5195249665has quoted2 months ago
    The neglect of duration combined with the peak-end rule causes a bias that favors a short period of intense joy over a long period of moderate happiness.
    b5195249665has quoted2 months ago
    The central fact of our existence is that time is the ultimate finite resource, but the remembering self ignores that reality.
    b5195249665has quoted2 months ago
    We believe that duration is important, but our memory tells us it is not.
    b5195249665has quoted2 months ago
    The rules that govern the evaluation of the past are poor guides for decision making, because time does matter.
    b5195249665has quoted2 months ago
    does not make sense to evaluate an entire life by its last moments, or to give no weight to duration in deciding which life is more desirable.
    b5195249665has quoted2 months ago
    She thought that buying a fancy car would make her happier, but it turned out to be an error of affective forecasting.”

    “His car broke down on the way to work this morning and he’s in a foul mood. This is not a good day to ask him about his job satisfaction!”
    b5195249665has quoted2 months ago
    Adaptation to a new situation, whether good or bad, consists in large part of thinking less and less about it. In that sense, most long-term circumstances of life, including paraplegia and marriage, are part-time states that one inhabits only when one at JghtA5 a at Jghttends to them.
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