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.

Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.

Most people are highly optimistic most of the time.

I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.

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.

Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.