The sunk-cost fallacy keeps people for too long in poor job… - Daniel Kahneman

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The sunk-cost fallacy keeps people for too long in poor jobs, unhappy marriages, and unpromising research projects.

Daniel Kahneman

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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.

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Native Name: דניאל כהנמן

Alternative Names: D Kahneman • D. Kahneman • Kahneman • Kahneman D • Kahneman D.

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Additional quotes by 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.

The world makes much less sense than you think. The coherence comes mostly from the way your mind works.

The gorilla study illustrates two important facts about our minds: we can be blind to the obvious, and we are also blind to our blindness.

The sunk-cost fallacy keeps people for too long in poor jobs, unhappy marriages, and unpromising research projects. - Daniel Kahneman

About Daniel Kahneman

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