#Kahnemann #Tversky #ThinkingFastAndSlow

"I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet to meet a successful scientist who lacks the ability to exaggerate the importance of what he or she is doing, and I believe that someone who lacks a delusional sense of significance will wilt in the face of repeated experiences of multiple small failures and rare successes, the fate of most researchers."

D.Kahnemann, "Thinking, Fast and Slow", Penguin Books 2012/2024, p.302

#Kahnemann #Tversky #ThinkingFastAndSlow

"Paradoxically, it is easier to construct a coherent story when you know little, when there are fewer pieces to fit into the puzzle. Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."

D.Kahnemann, "Thinking, Fast and Slow", Penguin Books 2012/2024, p.231

#Kahnemann #Tversky #ThinkingFastAndSlow

"People are asked for a prediction but they substitute an evaluation of the evidence, without noticing that the question they answer is not the one they were asked. This process is guaranteed to generate predictions that are systematically biased; they competely ignore regression to the mean."

D.Kahnemann, "Thinking, Fast and Slow", Penguin Books 2012/2024, p.217

#Kahnemann #Tversky #ThinkingFastAndSlow

"The principle of independent judgements (and decorrelated errors) has immediate applications for the conduct of meetings, an activity in which executives in organizations spend a great deal of their working days. A simple rule can help: before an issue is discussed, all members of the committee should be asked to write a very brief summary of their position. This procedure makes good use of the value of the diversity of knowledge and opinion in the group. The standard practice of open discussion gives too much weight to the opinions of those who speak early and assertively, causing others to line up behind them."

D.Kahnemann, "Thinking, Fast and Slow", Penguin Books 2012/2024, p.98

#ThinkingFastAndSlow #Kahnemann #Tversky

"Many people are overconfident, prone to place too much faith in their intuitions. They apparently find cognitive effort at least mildly unpleasant and avoid it as much as possible."

D.Kahnemann, "Thinking, Fast and Slow", Penguin Books 2012/2024, p.50