Tversky Quotes
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“Stories people told themselves were biased by the availability of the material used to construct them...what people remember about the past, [Kahneman and Tversky] suggested, is likely to warp their judgement of the future. "We often decide that an outcome is extremely unlikely or impossible, because we are unable to imagine any chain of events that could cause it to occur. The defect, often, is in our imagination.”
Michael Lewis
“[Metaphors] replace genuine uncertainty about the world with semantic ambiguity. A metaphor is a cover-up.”
Amos Tversky“It's frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what is going on.”
Amos Tversky“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“When you are a pessimist and the bad thing happens, you live it twice,' Amos liked to say. 'Once when you worry about it, and the second time when it happens.”
Michael Lewis, The Undoing Project: A Friendship That Changed Our Minds“When you are a pessimist and the bad thing happens, you live it twice," Amos liked to say. "Once when you worry about it, and the second time when it happens.”
Michael Lewis“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.”
Michael Lewis, The Undoing Project: A Friendship that Changed the World“The secret to doing good research is always to be a little underemployed. You waste years by not being able to waste hours”
Michael Lewis, The Undoing Project: A Friendship that Changed the World“After seeing a movie that dramatizes nuclear war, they worried more about nuclear war; indeed, they felt that it was more likely to happen. The sheer volatility of people's judgement of the odds--their sense of the odds could be changed by two hours in a movie theater--told you something about the reliability of the mechanism that judged those odds.”
Michael LewisAll in One Creative & Marketing Platform to tell stories at scale
