There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
From Daniel Kahneman
People are really happier with friends than they are with their families or their spouse or their child.
Organizations may be better able to tame optimism than individuals are.
Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact.
It was always assumed I would be a professor. I grew up thinking it.
I enjoy being active, but I look forward to the day when I can retire to the Internet.
In essence, the optimistic style involves taking credit for successes but little blame for failures.
I have always emphasized the willingness to discard.
We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.
Economists think about what people ought to do. Psychologists watch what they actually do.
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