The 'Instagram Generation' now experiences the present as an anticipated memory

Mental effort, I would argue, is relatively rare. Most of the time we coast.

In essence, the optimistic style involves taking credit for successes but little blame for failures.

Most of the time, we think fast. And most of the time we're really expert at what we're doing, and most of the time, what we do is right.

Organizations may be better able to tame optimism than individuals are.

All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.

To know whether you can trust a particular intuitive judgment, there are two questions you should ask: Is the environment in which the judgment is made sufficiently regular to enable predictions from the available evidence? The answer is yes for diagnosticians, no for stock pickers. Do the professionals have an adequate opportunity to learn the cues and the regularities? The answer here depends on the professionals' experience and on the quality and speed with which they discover their mistakes.