Daniel Kahneman Quotes


Finally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.


Citations

Kahneman, Daniel. Thinking, Fast and Slow. Farrar, Straus and Giroux, 2011, p. 217.

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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.