Policy makers, like most people, normally feel that they already know all the psychology and all the sociology they are likely to need for their decisions. I don't think they are right, but that's the way it is.
Daniel KahnemanNobody would say, 'I'm voting for this guy because he's got the stronger chin,' but that, in fact, is partly what happens.
Daniel KahnemanWe 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.
Daniel KahnemanThe idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time.
Daniel Kahneman