A Quote by Daniel Kahneman

However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.

Daniel Kahneman

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Among Blindness Collective Competition Creates Crisis Dangerously Experts Favor Financial Financial Crisis Forces Great Great Recession Highly However Information Led Lessons Market Misleading More Optimism Organizations People Periods Powerful Powerful Force Providers Recession Reward Risk Socially Than Truth Uncertainty Valued Which

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Daniel Kahneman
Israeli - Psychologist
Born: March 5, 1934

I gather that the dopaminergic system in the reward centres of the brain respond even more vigorously to the expectation of reward than to reward itself. Hence, perhaps, the disappointment.

Semir Zeki

I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality - especially by the financial sector - rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.

Paul Polman

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

Jerome Powell

Blessed, plainly, is that life which is not valued at the estimation of outsiders, but is known, as judge of itself, by its own inner feelings. It needs no popular opinions as its reward in any way; nor has it any fear of punishments. Thus the less it strives for glory, the more it rises above it. For to those who seek for glory, that reward in the shape of present things is but a shadow of future ones, and is a hindrance to eternal life, as it is written in the Scriptures: 'Truly I say to you, they have received their reward'

Ambrose

We chase the reward, we get the reward and then we discover that the true reward is always the next reward. Buying pleasure is a false end.

John Fowles

Think the very fact that somebody like Mike Pence is seen as useful to the [Donald] Trump campaign would be analytically a sign of difficulty for him because, you know, the Republican Party over the last two decades has needed to include his support among women, among Latinos, among blacks, among young people, and among highly educated people.

Mark Colvin

There are lots of risks, but without risks, there's no reward. I think the reward is bigger than the risk.

Brock Lesnar

Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.

Ben Bernanke

Competition has never been more threatening than it is now. Innovative thinkers challenge the status quo in their organizations. They are often viewed as "troublemakers." They threaten the defenders of the status quo. So competition within an organization can also be brutal. The most effective leaders overcome "the ideology of comfort and the tyranny of custom" by being change agents themselves. They encourage and reward innovative thinking. I have observed that people only resist changes imposed on them by other people.

Rosabeth Moss Kanter

I have to live, socially, in an almost unfinished society. Among the almost great, among the almost true, among the almost honest. That allows me to describe the anguish.

Derek Walcott

Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers.

Lawrence Kudlow

Tony La Russa is considered among the best in his business. Yet nearly half the time he led his organizations into competition, they were defeated - 2,728 wins, 2,365 losses.

Don Yaeger

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

Jerome Powell

The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people.

Ha-Joon Chang

There is no finer way to demonstrate love of God than by serving Him in the positions to which we may be called. Occasionally, the reward for that service will be prompt, and we'll see the light in the eyes of the person whom we have helped. Other times, however, the Lord will let us wait a little while and let our reward come another way.

Thomas S. Monson

We find the instinct to shut out competition deep-rooted even among banks and corporations, among corner grocers and haberdasheries, among peanut vendors and shoeshine boys-and even among young ladies in search of a husband.

James Farley

A Quote by Daniel Kahneman

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