A Quote by Daniel Kahneman
Economists think about what people ought to do. Psychologists watch what they actually do.
Quote Topics
Quote Author
Related Quotes
When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.
Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better
I think people are sort of waking up to it now, how probably the biggest change in Internet media isn't the immediacy of it, or the low costs, but the measurability. Which is actually terrifying if you're a traditional journalist, and used to pushing what people ought to like, or what you think they ought to like.
Many people have trouble sticking to their resolutions, and there is a simple scientific explanation for this. In 1987, a team of psychologists conducted a study in which they monitored the New Year's resolutions of 275 people. After one week the psychologists found that 92 percent of the people were keeping their resolutions; after two weeks we have no idea what happened because the psychologists had quit monitoring.
Psychologists and economists love to talk about the notion of two selves: present self and future self. It's a nice way to explain the tendency to have one preference about the future, but a very different preference when the future becomes the present.
I think when somebody seeks mercy and forgiveness and means it, and I was with [Donald Trump] the entire time, including when he learned about this, people ought to think about that. They ought to think about when somebody asks you for forgiveness contrite and for mercy - are you willing to give it?
No one knows anything about economics. It's the great lie of the economists. By contrast in football people might have contrasting opinions, each of which has some validity. But the economists always speak in conditionals - what a mess.
In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in the grounds and foundations of all rational decisions.
Psychologists call this habituation, economists call it declining marginal utility, and the rest of us call it marriage.
People should think less about what they ought to do and more about what they ought to be. If only their being were good, their works would shine forth brightly. Do not imagine that you can ground your salvation upon actions; it must rest on what you are.
The government and the opposition need to think about their people, if they actually went out and saw the conditions in which their people are living, it might actually mean that they would pause and think again about the importance of peace.
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.
If you want to understand human beings, there are plenty of people to go to besides psychologists.... Most of these people are incapable of communicating their knowledge, but those who can communicate it are novelists. They are good novelists precisely because they are good psychologists.
I think Apple Watch might be a tougher sell to current watch wearers than non-watch wearers. Non-watch wearers have an open wrist, and if they cared about the glance-able convenience of an always-visible watch dial, they would be wearing a traditional watch already.
Can a controlled experiment explain why people like Kewpie dolls in one year, Beanie Babies in another, and American Girl dolls this year? Yet social scientists are asked to answer analogous questions. We economists and perhaps psychologists shouldn't overreact to the derision. That is, we shouldn't try to overlay a false sense of precision on our admittedly squooshy work.
I watch 'Shark Tank,' of course. It's very entertaining. I think it's actually good to help people think about the business they might start, and sometimes you get encouraged by looking at someone going into business and saying, 'Hey, I could do that.'
Related Authors
Abraham Maslow Quotes
American
Psychologist
Carl Jung Quotes
Swiss
Psychologist
Edward de Bono Quotes
English
Psychologist
Elisabeth Kubler-Ross Quotes
American
Psychologist
Erich Fromm Quotes
American
Psychologist
James Hillman Quotes
American
Psychologist
M. Scott Peck Quotes
American
Psychologist
Mihaly Csikszentmihalyi Quotes
Hungarian
Psychologist
Nathaniel Branden Quotes
American
Psychologist
Ram Dass Quotes
American
Psychologist
Rollo May Quotes
American
Psychologist
Sigmund Freud Quotes
Austrian
Psychologist
Tara Brach Quotes
American
Psychologist
Viktor E. Frankl Quotes
Austrian
Psychologist
Wayne Dyer Quotes
American
Psychologist