Daniel Kahneman Quotes


However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.


Citations

Kahneman, Daniel. Thinking, Fast and Slow. Farrar, Straus and Giroux, 2011, p. 262.

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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.