Economists think about what people ought to do. Psychologists watch what they actually do.

The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.

I would be wary of experts' intuition, except when they deal with something that they have dealt with a lot in the past.

We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.

My impression is that the elimination of memories greatly reduces the value of the experience.