The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
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 KahnemanThere is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.
Daniel Kahneman