If I were to ask you if you wanted to be happy, 100% of you would say yes. But how many us live our lives in a way that makes us happy? “The days are long, but the years are short. Time is passing, and I’m not focusing enough on the things that really matter.” [...]
Daniel Kahneman
“Choice of attention – to pay attention to this and ignore that – is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be.” — W. H. Auden When it comes to using our [...]
“Even if you don’t completely buy (Nassim’s) argument, it will lead you to questions.” Daniel Kahneman Listen to the entire conversation between Nassim Taleb & Daniel Kahneman at the New York Public Library (mp3). Why do people have such a hard time computing probabilities? Well you know, there is a cognitive difficulty in thinking about [...]
A recent experiment, highlighted in the WSJ, proves many people, including holders of graduate degrees and professional researchers, are easily impressed by math. “Math makes a research paper look solid, but the real science lies not in math but in trying one’s utmost to understand the real workings of the world,” Prof. Eriksson (a mathematician [...]
A great edge.org conversation with Philip Tetlock on how to win at forecasting. An introduction by Daniel Kahenman: Philip Tetlock’s 2005 book Expert Political Judgment: How Good Is It? How Can We Know? demonstrated that accurate long-term political forecasting is, to a good approximation, impossible. The work was a landmark in social science, and its [...]
What’s the Big Idea? According to Nobel prize-winning psychologist Daniel Kahneman, we humans are very poor decision makers when it comes to our own happiness. The problem begins with language. We use the word happiness, Kahneman says, to refer to two very different and often mutually contradictory phenomena: the mood of the moment and our [...]
Michael Mauboussin, chief investment strategist at Legg Mason, offers two simple techniques to improve the quality of your decision making: a decision journal and a checklist. Many years ago when I first met Danny Kahneman, and Kahneman is one of the preeminent psychologists in the world who won a Nobel Prize for economics in 2002, [...]
