Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary Quotes

“Paul Slovic: Slovic is a psychologist who has proposed that people let their likes and dislikes determine their beliefs about the world without really seeking out the truth.”
― InstaRead, Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary

“People have a limitation in their minds: an excessive confidence in what they think they know.  ”
― InstaRead, Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary

“Regression to the mean is a statistical term describing the phenomenon that if a variable is extreme on its first measurement, it will tend to be closer to the average on its second measurement. Additionally, if it is extreme on its second measurement, it will tend to have been closer to the average on its first. In other words, it is the inevitable fluctuation of a random process. The mind is strongly biased toward causal explanations and does not deal well with statistics. Furthermore, causal explanations will be evoked when regression is detected, but they will be wrong because the truth is that regression to the mean has an explanation but does not have a cause.”
― Instaread Summaries, Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary