The Ledger
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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 …”
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.”
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…”
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: 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: Agents making decisions on behalf of others skip loss aversion
“But there is an interesting result that if you have an agent making decisions on somebody's behalf, that agent doesn't have loss of urge. So that agent sells and buys at the same price, which is the economically rational thing to do.”