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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.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow
“Confidence is a feeling, which reflects the coherence of the information and the cognitive ease of processing it. It is wise to take admissions of uncertainty seriously, but declarations of high confidence mainly tell you that an individual has constructed a coherent story in his mind, not necessarily that the story is true.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow
“A choice architect has the responsibility for organizing the context in which people make decisions.”
― Nudge: Improving Decisions About Health, Wealth, and Happiness
― Nudge: Improving Decisions About Health, Wealth, and Happiness
“To begin by always thinking of love as an action rather than a feeling is one way in which anyone using the word in this manner automatically assumes accountability and responsibility.”
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“He labels his proposal the premortem. The procedure is simple: when the organization has almost come to an important decision but has not formally committed itself, Klein proposes gathering for a brief session a group of individuals who are knowledgeable about the decision. The premise of the session is a short speech: “Imagine that we are a year into the future. We implemented the plan as it now exists. The outcome was a disaster. Please take 5 to 10 minutes to write a brief history of that disaster.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow
Kate’s 2025 Year in Books
Take a look at Kate’s Year in Books, including some fun facts about their reading.
1,687 books
|
119 friends
168 books
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61 friends
1,773 books
|
53 friends
559 books
|
29 friends
439 books
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87 friends
295 books
|
219 friends
212 books
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62 friends
76 books
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73 friends
More friends…
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