Top 10
Producer: Mehak Pal Editor: Sujata Singh
Nobel Prize winner Daniel Kahneman, a pioneer in behavioral economics, died at age 90 on March 27, 2024. Here are his top 10 quotes.
"It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient."
"Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference; they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks."
"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."
"We're generally overconfident in our opinions and our impressions and judgments."
"True intuitive expertise is learned from prolonged experience with good feedback on mistakes."
"If people are failing, they look inept. If people are succeeding, they look strong, good and competent. That's the 'halo effect.' Your first impression of a thing sets up your subsequent beliefs. If the company looks inept to you, you may assume everything else they do is inept."
"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."
"By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones."