Our memory tells us stories, that is, what we get to keep from our experiences is a story.
Daniel KahnemanPeople have little idea, by and large, of the investment world. They are convinced they have an advantage.
Daniel KahnemanPolicy 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 KahnemanA general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
Daniel Kahneman