The experiencing self lives in the moment; it is the one that answers the question, 'Does it hurt?' or 'What were you thinking about just now?' The remembering self is the one that answers questions about the overall evaluation of episodes or periods of one's life, such as a stay in the hospital or the years since one left college.

If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.

In strategic decisions, I'd be really concerned about overconfidence.

Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages.

My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.

Individual investors predictably flock to stocks in companies that are in the news.

Political columnists and sports pundits are rewarded for being overconfident.