kahneman in A Sentence

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    Kahneman points out that there are 20,000 or so 3-second"moments" in the average waking day.

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    Psychologist Daniel Kahneman has proposed that there are two distinct modes of decision making.

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    But according to Nobel Laureate Daniel Kahneman, this is unlikely to spoil the overall experience.

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    As Daniel Kahneman put this,‘it seems that traditional economics and behavioral economics are describing two different species.'.

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    This cognitive bias, first described by the psychologist Daniel Kahneman in the 1980s, is known as the“framing effect”.

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    Psychologists Daniel Kahneman and Barbara Fredrickson found that human beings judge an experience based on the peaks and the end, not its entirety.

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    Now as the Nobel Committee has recognised Thaler's work, many economists, including Kahneman, have welcomed this shift in global attitude towards behavioural economics.

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    One of the marketing tricks is the use of the psychological bias known as the‘representativeness heuristic'(coined by Dr. Amos Tversky and Dr. Daniel Kahneman).

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    For example, in their Nobel Prize-winning work, researchers Daniel Kahneman and Amos Tversky had people make choices between two options: one safe, one risky.

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    Both Herbert Simon and Daniel Kahneman won their Nobel prizes for showing that human beings don't always make decisions by making“rational” comparisons of pros and cons.

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    Kahneman's research shows that when we evaluate past experiences, we tend to remember the best moments and the last moments, paying little attention to everything else.

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    Kahneman uses heuristics to assert that System 1 thinking involves associating new information with existing patterns, or thoughts, rather than creating new patterns for each new experience.

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    Basing their study on 450,000 survey responses from Gallup and Healthways, Deaton and Kahneman found that the higher the respondents' incomes, the more“emotional well-being” they tended to report.

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    For example, one of the most robust psychological phenomena in behavioural economics is the endowment effect, first reported in 1991 by Richard Thaler, Daniel Kahneman and Jack Knetsch.

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    Kahneman covers a number of experiments which purport to highlight the differences between these two thought systems and how they arrive at different results even given the same inputs.

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    Daniel Kahneman, who won a Nobel Prize in 2002 for his work on human judgment and decision-making, argues that people have two systems that drive everyday thinking: fast and slow.

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    Deaton and Kahneman looked at two different definitions of happiness, one being day-to-day“emotional well-being”(How are you feeling today?) and the other“life evaluation”(Looking back on your life, how satisfied are you?)?

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    At the same time, an avalanche of studies, including ones by Nobel Prize-winning psychologist Daniel Kahneman, have shown that as our income and consumption rises, our levels of happiness don't keep pace.

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    In 2010 the Scottish-American economist published a much-discussed study, co-authored with psychologist Daniel Kahneman(winner of the 2002 Nobel for economics), finding that happiness and income are correlated, but only up to $75,000.

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    Daniel Kahneman, who won the Nobel Prize for his research on behavioral economics, calls them System 1 and 2, but I think autopilot system and intentional system describe these systems more clearly.

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    Research on loss aversion shows that we are biased to keep things we have even when we would make no effort to acquire them if we didn't already have them(Kahneman & Tversky, 1986).

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    The highly influential work of psychologists Daniel Kahneman and Amos Tversky comprehensively showed that we often fail to make rational decisions- such as worrying about a terrorist attack but not about crossing the road.

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    To use the terminology of Daniel Kahneman, you need to be aware of the way your mind works so that your rational side is ready to put the brakes on your quick and simple, rules-based side.

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    Behavioral economist and Nobel Prize-winner Daniel Kahneman speaks to part of the explanation with his Focus Illusion, the fact that nothing in life is as important as you think it is when you are thinking about it.

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    So, because humans evolved- which is why the bad is stronger than the good and why we are bad at statistics(see, e.g., Kahneman's Thinking Fast and Slow)- we tend to think that all the bad news is the whole truth.

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    Overweighting Losses: In a seminal study on behavioral economics that outlined Prospect Theory, Daniel Kahneman and Amos Tversky demonstrated what many of us who have had a tough weekend in Vegas know to be true- losses tend to loom larger in our minds than gains.

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    In one Kahneman experiment, people undergoing colonoscopies were divided into either group one, who received the routinely uncomfortable experience of having an examination tube put up their bums and moved around their bowels, or group two, for whom the procedure lasted a full minute longer-- but with modifications to make that final minute more comfortable.

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