Disclosure
Kahneman: Unconscious priming studies from 'Thinking, Fast and Slow' failed empirical replication
“Priming, and unconscious priming, and so, just hasn't held up in replication, and I believed it, and I wrote it as if it were true, because, you know, the evidence suggested it, and in fact, I thought that you had to accept it, because that was published evide…”
Assertion Supported
Kahneman: Income above $70,000 raises life satisfaction but not emotional happiness
“The research I did with Angus Deaton at Princeton, famous economist, we showed that in terms of happiness, in terms of emotional tone, positive and negative, Having a lot of money doesn't make you happier, but being poor makes you miserable. So that's above a …”
Assertion Supported
Kahneman: Some evidence cited in 'Thinking, Fast and Slow' has been discredited
“There's been a replication crisis in psychology. And some of the stuff that I really believed in when I wrote Thinking Fast and Slow, some of that evidence has been discredited.”
Insight
Kahneman: People prioritize narrative life satisfaction over real-time emotional happiness
“What people really want in their life is they don't seem to care about how happy they'll be. They seem to want to be satisfied with their life. They seem to want to have a good story about their life.”
Assertion Supported
Kahneman: Incomes above $70,000 boost life satisfaction but not emotional happiness
“The research I did with Angus Deaton at Princeton, famous economist, we showed that in terms of happiness, in terms of emotional tone, positive and negative, Having a lot of money doesn't make you happier, but being poor makes you miserable. So, that's above a…”
Insight
Kahneman: Anyone highly optimistic about behavior change is deluded
“I think changing behavior is extremely difficult. There are a few tips and, you know, a few guidelines about how to do that, but anybody who is very optimistic about changing behavior is just deluded. It's hard to change other people's behavior. It's very hard…”
Insight
Kahneman: Independent clear thinking is nearly impossible due to social belief adoption
“I would say that independent, clear thinking is, to a first approximation, impossible. I mean, in the sense that, you know, we believe in things most of the time, not because we have good reasons to believe them. If you ask me for reasons, I'll explain you. I'…”
Insight
Kahneman: Replacing human judgment with standardized algorithms consistently produces better decisions
“If you really want to improve the quality of decision making, use algorithms. I mean, whenever, wherever you can if you can replace judgments by rules and algorithms, they'll do better.”
Insight
Kahneman: Organizational judgment is fixable through procedures; individual judgment resists change
“I'm much more hopeful about organizations, because organizations think more slowly, and they have procedures for thinking, and so you can control the procedures. Individual judgment is really hard to fix. Not impossible.”
Insight
Kahneman: Defeat absurd negotiation anchors by making a scene and refusing them
“So, when I was teaching negotiations, I would say somebody does that to you, comes up with a number that's absurd. I would say, lose your temper. Make a scene. Say, I will not start the conversation from that number. It's an absurd number. I don't want to. Let…”
Insight
Kahneman: Independent clear thinking is virtually impossible
“Emotions get in the way, and I would say that independent clear thinking Is, to first approximation, impossible. I mean, in the sense that, you know, we believe in things most of the time, not because we have good reasons to believe them. If you ask me for rea…”
Insight
Kahneman: Algorithms improve decisions better than human judgment
“If you really want to improve the quality of decision making, use algorithms. I mean, whenever, wherever you can if you can replace judgments by rules and algorithms, they'll do better. Now, there's big social costs to trusting, allowing algorithms to make dec…”
Insight
Kahneman: Billionaires accumulate money as a subjective proxy for their 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 would be an indication that they'…”
Insight
Kahneman: Anyone optimistic about easily changing human behavior is completely deluded
“I think changing behavior is extremely difficult. There are a few tips and, you know, a few guidelines about how to do that, but anybody who is very optimistic about changing behavior is just deluded. It's hard to change other people's behavior. It's very hard…”
Insight
Kahneman: Policy reforms fail because potential losers fight harder than 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 reforms so frequently fail, and that when they succeed, they're almost always way more expensive than anticipated, an…”
Insight
Kahneman: People adopt beliefs by trusting others, not through objective reasoning
“We believe in things most of the time, not because we have good reasons to believe them. If you ask me for reasons, I'll explain you. I'll always find a reason, but the reasons are not the causes of our beliefs. We have beliefs because mostly we believe in som…”
Insight
Kahneman: Replacing human judgment with algorithms strictly improves decision quality
“If you really want to improve the quality of decision making, use algorithms. I mean, whenever, wherever you can if you can replace judgments by rules and algorithms, they'll do better.”
Insight
Kahneman: Organizations can improve decision-making, but individual self-correction usually fails
“So in general, you know, more educated people make better judgments, I think, on average, but people decide I'm going to make better judgments. I don't think that's very hopeful. I'm much more hopeful about organizations, because organizations think more slowl…”
Insight
Kahneman: People prefer leaders who are highly intuitive and overconfident
“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.”
Insight
Kahneman: Psychologists are wildly overconfident about hypotheses due to intuition calibration errors
“Psychologists live in a, when they hook up their hypotheses, they're in a Within subject situation, but then they make guesses about what will happen between subjects, and they're completely lost between clear intuitions and strong intuition. We have no way of…”
Insight
Kahneman: Drive behavior change by reducing friction rather than increasing motivation
“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, and that's a beautiful point, and he showed, he had that image that, you know, I've had since I was an undergraduate, …”
Insight
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…”
Insight
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 …”
Insight
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.”