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Many unfortunate human situations unfold [...] where people who face very bad options take desperate gambles, accepting a high probability of making … - Daniel Kahneman
" "Many unfortunate human situations unfold [...] where people who face very bad options take desperate gambles, accepting a high probability of making things worse in exchange for a small hope of avoiding a large loss. Risk taking of this kind often turns manageable failures into disasters.
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About Daniel Kahneman
Daniel Kahneman (March 5, 1934 – March 27, 2024) was an Israeli-American psychologist. He shared the 2002 Nobel Memorial Prize in Economic Sciences with Vernon L. Smith. Kahneman is notable for his work on the psychology of judgment and decision-making, behavioral economics and hedonic psychology. Latterly, he was professor emeritus of psychology and public affairs at Princeton University's Woodrow Wilson School.
Biography information from Wikiquote
Also Known As
Native Name:
דניאל כהנמן
Alternative Names:
D Kahneman
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D. Kahneman
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Kahneman
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Kahneman D
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Kahneman D.
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Additional quotes by Daniel Kahneman
Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed. Memory function is an attribute of System 1. However, everyone has the option of slowing down to conduct an active search of memory for all possibly relevant facts — just as they could slow down to check the intuitive answer in the bat-and-ball problem. The extent of deliberate checking and search is a characteristic of System 2, which varies among individuals.
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