Kate Walters

“The moral is significant: when System 2 is otherwise engaged, we will believe almost anything. System 1 is gullible and biased to believe, System 2 is in charge of doubting and unbelieving, but System 2 is sometimes busy, and often lazy. Indeed,”
― Daniel Kahneman, Thinking, Fast and Slow

“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

“Confidence is the purity of action produced by a mind free of doubt.”
― Katty Kay, The Confidence Code: The Science and Art of Self-Assurance – What Women Should Know

“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.”
― Daniel Kahneman, Thinking, Fast and Slow