We know that the French are very different from the Americans in their satisfaction with life. They're much less satisfied. Americans are pretty high up there, while the French are quite low - the world champions in life satisfaction are actually the Danes.

Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.

When you are under time pressure for a decision, you need to follow intuition.

Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance.

The idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time.

My impression is that the elimination of memories greatly reduces the value of the experience.

The amount of success it takes for leaders to become overconfident isn't terribly large.