An executive might have a very strong intuition that a given product has promise, without considering the probability that a rival is already ahead in developing the same product.
Daniel KahnemanOne thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.
Daniel KahnemanIf individuals are rational, there is no need to protect them against their own choices.
Daniel Kahneman