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Alfredo Arranz

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“How do people make the judgments and how do they assign decision weights? We start from two simple answers, then qualify them. Here are the oversimplified answers: People overestimate the probabilities of unlikely events. People overweight unlikely events in their decisions.”
― Daniel Kahneman, Thinking, Fast and Slow

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“You can do several things at once, but only if they are easy and undemanding.”
― Daniel Kahneman, Thinking, Fast and Slow

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“If a satisfactory answer to a hard question is not found quickly, System 1 will find a related question that is easier and will answer it. I call the operation of answering one question in place of another substitution.”
― Daniel Kahneman, Thinking, Fast and Slow

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“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. Money that is spent on one good is the loss of another good that could have been purchased instead. For the poor, costs are losses.”
― Daniel Kahneman, Thinking, Fast and Slow

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“In a later chapter he describes a massive failure of intuition: Americans elected President Harding, whose only qualification for the position was that he perfectly looked the part. Square jawed and tall, he was the perfect image of a strong and decisive leader. People voted for someone who looked strong and decisive without any other reason to believe that he was. An intuitive prediction of how Harding would perform as president arose from substituting one question for another. A reader of this book should expect such an intuition to be held with confidence.”
― Daniel Kahneman, Thinking, Fast and Slow

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