This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.

When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.

you know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious.

All of us would be better investors if we just made fewer decisions.

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.