Heuristics Quotes

“Nothing in life is as important as you think it is when you are thinking about it.”
― Daniel Kahneman, Thinking, Fast and Slow

“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

“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

“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

“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