Political columnists and sports pundits are rewarded for being overconfident.

Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.

Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.