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There is no evidence that risk takers in the economic domain have an unusual appetite for gambles on high stakes; they are merely less aware of risks than more timid people are.

— Daniel Kahneman Thinking, Fast and Slow (2011)

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Finance

More quotes by Daniel Kahneman

People who make a difference do not die alone. Something dies in everyone who was affected by them.

Nothing in life is as important as you think it is when you are thinking about it.

Thinking, Fast and Slow (2011)

A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth.

Thinking, Fast and Slow (2011)

Confidence is a feeling, which reflects the coherence of the information and the cognitive ease of processing it.

Thinking, Fast and Slow (2011)

He weights losses about twice as much as gains, which is normal.

Thinking, Fast and Slow (2011)

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Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.

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Economy, in the estimation of common minds, often means the absence of all taste and comfort.

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Attribution

Quote text and notes from Wikiquote: Daniel Kahneman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.