Quote of the Day
Authors Categories Blog Quote Maker Videos
 

Daniel Kahneman Quotes: The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
         

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.


Daniel Kahneman
Check all other quotes by Daniel Kahneman

Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.

Embed:

Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.





Citation

Use the citation below to add this quote to your bibliography:


Styles:

×

MLA Style Citation


"Daniel Kahneman Quotes." Quoteslyfe.com, 2024. Tue. 17 Dec. 2024. <https://www.quoteslyfe.com/quote/The-concept-of-loss-aversion-is-certainly-493660>.





Check out


Other quotes of Daniel Kahneman


The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.

The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.



We can be blind to the obvious, and we are also blind to our blindness.

We can be blind to the obvious, and we are also blind to our blindness.



Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.

Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.



Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.

Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.



This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.

This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.



The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.

The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.



Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don't decide to do it. We don't control it.

Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don't decide to do it. We don't control it.



By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.

By their very nature, heuristic shortcuts will produce biases, and that is true for both humans and artificial intelligence, but the heuristics of AI are not necessarily the human ones.



The illusion that we understand the past fosters overconfidence in our ability to predict the future.

The illusion that we understand the past fosters overconfidence in our ability to predict the future.



We're generally overconfident in our opinions and our impressions and judgments.

We're generally overconfident in our opinions and our impressions and judgments.





Other quotes you may like



Sometimes, we need to accept that life doesn’t always go the way we planned.

Sometimes, we need to accept that life doesn’t always go the way we planned.



Every moment I live, I live bowed to something. And if I don't see God, I'll bow down before something else.

Every moment I live, I live bowed to something. And if I don't see God, I'll bow down before something else.



My progress was rendered delightful by the sylvan elegance of the groves, chearful meadows, and high distant forests, which in grand order presented themselves to view.

My progress was rendered delightful by the sylvan elegance of the groves, chearful meadows, and high distant forests, which in grand order presented themselves to view.



Eclectic yet classic with a playful bohemian twist is how Id describe my style.

Eclectic yet classic with a playful bohemian twist is how Id describe my style.



I left Delhi, in 1971, shortly after Collective Choice and Social Welfare was published in 1970.

I left Delhi, in 1971, shortly after Collective Choice and Social Welfare was published in 1970.



Anybody who's gone through puberty has understood what it feels like to be an outcast and alone.

Anybody who's gone through puberty has understood what it feels like to be an outcast and alone.



Whatever is reasonable is true, and whatever is true is reasonable

Whatever is reasonable is true, and whatever is true is reasonable



We're all born bald, baby.

We're all born bald, baby.




Quote Description


This page presents the quote "The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.". Author of this quote is Daniel Kahneman. This quote is about loss, aversion, economics, significant, psychology, contribution,.