Some achieve a reputation for great successes when in fact all they have done is take chances that reasonable people wouldn't take.

We deeply want to be led by people who know what they're doing and who don't have to think about it too much.

We 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.

The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.

People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.

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.

When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.