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

We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it.

Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact.

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.

It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.

I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.

I enjoy being active, but I look forward to the day when I can retire to the Internet.