• Money does not buy you happiness, but lack of money certainly buys you misery

    Daniel Kahneman
  • Jumping to conclusions is efficient if the conclusions are likely to be correct and the costs of an occasional mistake acceptable. Jumping to conclusions is risky when the situation is unfamiliar, the stakes are high and there is no time to collect more information

    Daniel Kahneman
  • Dawes observed that the complex statistical algorithm adds little or no value. One can do just as well by selecting a set of scores that have some validity for predicting the outcome and adjusting the values to make them comparable (by using standard scores or ranks). A formula that combines these predictors with equal weights is likely to be just as accurate in predicting new cases as the multiple-regression formula that was optimal in the original sample. More recent research went further: formulas that assign equal weights to all the predictors are often superior, because they are not affected by accidents of sampling

    Daniel Kahneman
  • The often-used phrase “pay attention

    Daniel Kahneman
  • However, attention can be moved away from an unwanted focus, primarily by focusing intently on another target

    Daniel Kahneman
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