psychology

The pleasant relief will not last very long, of course, and you will soon be shivering behind the rock again, driven by your renewed suffering to seek better shelter.

We must remind ourselves again that history as usually written (peccavimus) is quite different from history as usually lived: the historian records the exceptional because it is interesting—because it is exceptional.

As Allais had anticipated, the sophisticated participants at the meeting did not notice that their preferences violated utility theory until he drew their attention to that fact as the meeting was about to end.

The main obstacle is that subjective confidence is determined by the coherence of the story one has constructed, not by the quality and amount of the information that supports it.

The disagreeable prospect of serving time seems remote so long as he can gloat over his likeness sharing space with pictures of sports figures, movie and TV stars and politicians.

Who do I think is smart but is actually full of it?

In contrast, our decision to view outcomes as gains and losses led us to focus precisely on this discrepancy.

we are driven more strongly to avoid losses than to achieve gains. A reference point is sometimes the status quo, but it can also be a goal in the future: not achieving a goal is a loss, exceeding the goal is a gain.

As writing has not accompanied their previous work, they have to either start with something completely new (which is risky) or retrace their ideas (which is boring).