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 KahnemanThere's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel KahnemanYou're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person.
Daniel KahnemanThat's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.
Daniel Kahneman