People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion.
Daniel KahnemanThe premise of this book is that it is easier to recognize other people's mistakes than your own.
Daniel KahnemanWe are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.
Daniel KahnemanThe concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
Daniel KahnemanA general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
Daniel Kahneman