Everything Daniel Kahneman said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kahneman: Policy reforms fail because potential losers fight harder than potential winners
“And it turns out that you can really expect losers, potential losers, to fight a lot harder than potential winners. And that's the reason that we form so frequently fair, and that when they succeed, they're almost always way more expensive than anticipated, an…”
Kahneman: Delay intuitive judgment until evaluating options across separate independent dimensions
“That when you are making decisions, you should think of options as if they were candidates. So you should break, break it up into dimensions, evaluate each dimension separately, then look at the profile, and the key is, delay your intuition. Don't try to form …”
Kahneman: Moving first in negotiations creates a psychological advantage via anchoring
“The person who moves first in a negotiation has an advantage. Because it, the first number changes everybody's view of what is considered plausible. So it moves things in that direction.”
Kahneman: Intuitive human predictions systematically fail to account for statistical regression
“The best prediction, the best guess is always less extreme than your impression. Intuitive prediction is, as we say, not regressive. It doesn't recognize regression to the mean.”
Kahneman: Premortems legitimize and reward dissent in group decision-making
“It's beautiful because when people are coming close to a decision, it becomes Difficult to raise doubts or to raise questions. People who are slowing the group down when the group is nearing a decision are procedures really, you know, it's annoying, you know, …”
Kahneman: Insurance underwriters varied by 50% on identical cases, despite 10% expectations
“So, we asked the executives the following question. Suppose you take two underwriters at random. By what percentage do they differ? I mean, you look at the difference between the premium, divide that by the average premium. What number do you get? And people e…”
Kahneman: Evaluate dimensions separately before trusting intuitive judgments
“That when you are making decisions, you should think of options as if they were candidates. So you should break, break it up into dimensions, evaluate each dimension separately, then look at the profile, and the key is, delay your intuition. Don't try to form …”
Kahneman: Happiness is social; life satisfaction stems from conventional success
“Happiness is mostly social. It's, you know, it's being with people you love. Who love you back. That's a lot of what happiness is. Life satisfaction is much more conventional. It's to be successful. And, you know, so it's money, education, prestige, that sort …”
Kahneman: Change behavior by weakening restraining forces rather than pushing harder
“And what we tend to do when we want to move people from A to B is we push them. We add to the driving forces. And Kurt Lewin's insight was that this is not what you should do. You should actually work on the restraining forces and try to make them weaker.”
Kahneman: His belief in climate change stems from trusting authority figures
“That's how I believe in climate change, you know. I believe in the people who tell me there is climate change, and the people who don't believe in climate change, they believe in other people”
Kahneman: Delaying intuition until evaluating separate dimensions produces better decisions
“That when you are making decisions, you should think of options as if they were candidates. So you should break, break it up into dimensions, evaluate each dimension separately, then look at the profile, and the key is, delay your intuition. Don't try to form …”
Kahneman: Group decision leaders must actively protect dissenters to enable disagreement
“In, in general, you know, if you are, if you're the head of a group that makes decisions, one of your missions would be to protect the dissenters. Because they're very valuable, and you should make it painless to dissent, or as painless as possible, because it…”
Kahneman: Decades of studying cognitive biases has not made him immune
“Yeah, certainly not much better, no.”
Kahneman: The first mover in negotiations holds a distinct anchoring advantage
“The person who moves first in a negotiation has an advantage. Because it, the first number changes everybody's view of what is considered plausible. So it moves things in that direction.”
Kahneman: Optimal statistical predictions are always less extreme than intuitive impressions
“The best prediction, the best guess is always less extreme than your impression. Intuitive prediction is, as we say, not regressive. It doesn't recognize regression to the mean, but statistics is statistics, and in statistics, things are less extreme”
Kahneman: Negotiation is about understanding the counterpart, not applying pressure
“That negotiation is not about trying to convince the other guy. It's about trying to understand them. So again, it's slowing yourself down, it's not doing what comes naturally, because trying to convince them is applying pressure. Arguments, promises, and thre…”
Kahneman: Organizations reject decision-tracking tools that threaten leaders with retrospective embarrassment
“Certainly anything that threatens the leader is not going to be adopted, and leaders may not want something that threatened their subordinates either. People are really very worried about embarrassment.”
Kahneman: Insurance underwriters varied by 50% on identical cases, defying 10% expectations
“So, we asked the executives the following question. Suppose you take two underwriters at random. By what percentage do they differ? I mean, you look at the difference between their premium, divide that by the average premium. What number do you get? And people…”
Kahneman: Wherever human judgment is present, there is more noise than expected
“So wherever our rule is that wherever there is judgment, there is noise and more of it than you think.”
Most peers considered Amos Tversky the smartest person they had ever met
“Most people who knew him thought that he was the smartest person that ever met.”
Kahneman: Billionaires treat earning money as a scorecard for professional competence
“You look at all those people, all those billionaires working their heads off, and they're clearly not doing this because they need more money. They're trying to get more money, and they're trying to get more money because that will be an indication that they'r…”
Kahneman: People mistakenly attribute situational behavior to internal personality traits
“Behaviors don't necessarily reflect the personality, but behaviors have a lot to do with the situation. And so if people behave in strange ways, look at the situation they're in, and what are the pressures in the situation that make them act as well. So there …”
Kahneman: Judgment is informal measurement using the mind, creating inherent variability
“We speak of judgment as measurement, but it's measurement where the measuring instrument is your mind, but you do it informally. And because you do it informally, people are going to, are not necessarily going to agree, so wherever we say it's a matter for jud…”
Kahneman: The public prefers overconfident, intuitive leaders over careful, deliberative ones
“I think it's pretty clear that people prefer leaders who are intuitive and who are overconfident. Leaders who deliberate too much are viewed with suspicion, you know.”