Heuristics Quotes

Quotes tagged as "heuristics" Showing 1-5 of 5
Daniel Kahneman
“Nothing in life is as important as you think it is when you are thinking about it.”
Daniel Kahneman, Thinking, Fast and Slow

Amos Tversky
“Chance is commonly viewed as a self-correcting process in which a deviation in one direction induces a deviation in the opposite direction to restore the equilibrium. In fact, deviations are not "corrected" as a chance process unfolds, they are merely diluted.”
Amos Tversky, Judgment Under Uncertainty: Heuristics and Biases

“Consider the following fact. Sweden accounts for approximately 1 percent of the world economy. A rational investor in the United States or Japan would invest about 1 percent of his assets in Swedish stocks. Can it make sense for Swedish investors to invest 48 times more? No. [T]his reflects the well-known tendency of investors to buy stocks from their home country, something that economists refer to as the home bias.”
Richard H. Thaler, Cass R. Sunstein

Ed Cyzewski
“Closed systems that thrive on control that is managed with sticks and carrots can't help but fail the people they claim to protect.”
Ed Cyzewski, Flee, Be Silent, Pray: An Anxious Evangelical Finds Peace with God through Contemplative Prayer

“There are many counterintuitive and surprising ways companies can boost users'' motivation or increase their ability by understanding heuristics - the mental shortcuts we take to make decisions and form opinions”
Ryan Hoover, Hooked: How to Build Habit-Forming Products