An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
Daniel KahnemanBanks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Daniel KahnemanIf you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
Daniel KahnemanHuman beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact.
Daniel Kahneman