We're generally overconfident

 Collated by Tusar Nath Mohapatra

Saddened to hear about the passing of Daniel Kahneman. A Nobel Laureate, his insights on randomness, luck, and the workings of the mind have had a profound impact on many, including myself. His book "Thinking, Fast and Slow" is a masterpiece that has touched the lives of countless individuals interested in psychology, economics, and spirituality. Rest in peace, Daniel Kahneman. Your legacy will continue to inspire generations to come. #DanielKahneman #ThinkingFastAndSlow

https://twitter.com/nidhinvalsanips/status/1773566597212594486?t=bZOYjxJwRP9jScCX1cxIgQ&s=19

@nobelprize_org winner Kahneman's book Thinking Fast Slow absolutely blew my mind and changed my understanding of how humans think. It is necessary reading for all. The world is a less intelligent place without this man. #bookrecommendations #book #bookreview #books #nonfiction

https://twitter.com/1_davidhill/status/1773662165423071464?t=8-rU-U25nwG0FSG1PGOUBw&s=19

In 2016, we hosted Nobel Laureate Daniel Kahneman in our lab. His encouragement to pursue real-life problems through science and ask high-risk questions continues to inspire us. RIP, scientific giant!

https://twitter.com/AviSchroeder/status/1773678650681905389?t=JrM_9pm2DvrcIuh8WkS8UQ&s=19

Daniel Kahneman, who changed psychology and economics forever, dies at 90.

Thanks for everything.

We remember him in 10 great quotes:

We're blind to our blindness. We have very little idea of how little we know. We're not designed to know how little we know. We're generally overconfident in our opinions and our impressions and judgments. So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.

https://twitter.com/wisdom_theory/status/1773016425394782555?t=blq1ZlCn6GmdduDjjM2qMA&s=19

If you also haven’t read Kahneman’s “Thinking, Fast and Slow” and don’t want to read a whole book, read his 2003 “Maps of Bounded Rationality” instead. It’s a publication that summarizes the same ideas in his own words. The book, of course, goes into much more detail and tells more stories about how this is relevant to your own life. I highly recommend reading the full book, but if you definitely don't intend to, then go read this paper.

https://twitter.com/AnnaLeptikon/status/1773420839028871646?t=MF96azE-ReuaicrQtKa3QA&s=19

Daniel Kahneman passed away at age 90

His work in Behavioral Finance changed the world 

The Human Side of Decision Making is a must read. Read the entire document here:

https://twitter.com/QCompounding/status/1773459791408472324?t=SeT63ktMEwV-BYE1QGas-Q&s=19

10 lessons from Thinking Fast and Slow:

https://twitter.com/QCompounding/status/1773637437555720643?t=edFvGu5VV4MIvliAoPQlhg&s=19

This man died 2 days ago. Daniel Kahneman. An intellectual giant of the 20th century. Along with Amon Tversky he literally changed the world. I would recommend reading The Undoing Project by Michael Lewis. It will make you question everything and change the way you think…..

https://twitter.com/TurloughDonnell/status/1773673597346664530?t=H2-o_zNEGjmFmYvyJsFcAQ&s=19

Danny Kahneman

One of the things I loved most about Danny was his power of observation, and ability to reason about how we all make decisions.  He had a way to describe an element of how we think, that made is so clear and intuitive, that I could not understand how it was possible that I did not see things his way all along.

#DanielKahneman

https://twitter.com/danariely/status/1773682927248806250?t=aMH2EYMRTucLWNmJFNrBWQ&s=19 

Today, we have lost one of the greatest contemporary thinkers. 

Daniel Kahneman shattered the glass palace of science and became famous worldwide in 2011 with the publication of "Thinking, Fast and Slow”, in which he popularized the dual-process theory. This theory suggests that human decisions arise from a complex interplay between two cognitive systems: one more intuitive and the other more deliberative. Despite many critiques and refinements, this theory remains one of the main reference points for scholars studying human decisions. 

But this was not Kahneman's only contribution. His 1979 paper in Econometrica, introducing prospect theory, is one of the most cited articles in economics and is one of the main reasons he, a psychologist, was able to win the Nobel Prize in Economics. In this paper, Kahneman and Tversky introduce a utility function aimed at explaining how people make decisions under risk. Personally, I found this article to be one of the most inspiring I have ever read. The day I read it, I understood that human behavior could be captured through a mathematical formula. I was a pure mathematician at the time, now I study human decisions. 

In another article from 1986, Kahneman, Knetsch, and Thaler introduced an economic game that later became known as the “dictator game”, which has become the official measure of human altruism. The game is very simple: you have 10 dollars and the recipient has nothing. You can give any amount to the receiver, ranging from 0 to 10. The recipient is passive and only gets what you decide to give. How much would you give?

But this is not even the tip of the iceberg. Any summary of his work would inevitably be incomplete. I have just gone on his Google Scholar page. His work has more than half a million citations! He reshaped psychology and economics by inventing entirely new fields of research.

https://twitter.com/ValerioCapraro/status/1773037951049495005?t=KcD46NxPquqTWUZW9O4FXQ&s=19

Empathy. “A healed femur is the earliest sign of civilization.” —Margaret Mead. #poster #posterdesign #empathy #margaretmead #GraphicDesign

https://twitter.com/codeswitchtweet/status/1762164141572178402?t=tthG82SM6_iJxsxoWmTkmw&s=19

Margaret Mead was once asked, ‘Do you think that a single individual can make a difference?’ And she pointed out it’s the only thing that ever has made a difference. All people have to do is to change their minds. 

Roger Payne, A Life Among Whales

prismatic sky 

aliveonallchan.

https://twitter.com/op109/status/1762079356187254985?t=Quci9RCeN4malvfSY-KvsQ&s=19

Arthur Oncken Lovejoy (October 10, 1873 – December 30, 1962) - The Great Chain of Being (1936)

Howard Phillips Lovecraft (August 20, 1890 – March 15, 1937) - The Call of Cthulhu (1928)

James Ephraim Lovelock (26 July 1919 – 26 July 2022) - The Quest for Gaia (1975)

#SELFsince2005

https://twitter.com/SavitriEra/status/1773392429452071108?t=CYhD37KI4SyAb6ebde87GA&s=19

Reading diverse authors is part of intellectual development but it's only by reading Sri Aurobindo that one acquires a balanced worldview. It's not necessary to agree with him but the emphasis on unseen forces and interconnectedness helps to understand ourselves and world better.

https://twitter.com/SavitriEra/status/1773596172952670602?t=bSCu3GQR-Yty2xL4MhQmDw&s=19