Daniel Kahneman Quotes


Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception.


Citations

Kahneman, Daniel. "Strategic decisions: When can you trust your gut?" McKinsey Quarterly, Mar. 2010.

Related Quotes

See Eddie Bernice Johnson {605259} for a similar view and John Stuart Mill {607508} for an earlier expression. Otis Singletary for a contemporary one {585931} The earliest expression of the idea can be found in the Bhagavad Gita {594723}


This important political concept has a long history. See also {605259}, {626144}, {607508}, and {585931}


Daniel Kahneman
Daniel Kahneman
  • Born: March 5, 1934
  • Nationality: American, Israeli
  • Profession: Psychologist

Daniel Kahneman is an Israeli psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.