Daniel Kahneman Quotes about Loss

If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count

If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.

Daniel Kahneman

Loss, Ideas, Long

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

Daniel Kahneman

Loss, Psychology, Aversion

Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.341, Macmillan

A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.

Daniel Kahneman

Loss, Would Be, Accepting

Daniel Kahneman, Amos Tversky (2000). “Choices, Values, and Frames”, p.41, Cambridge University Press

Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie.

Daniel Kahneman

Loss, Pie, People

Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.345, Macmillan

People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.

Daniel Kahneman

Hate, Loss, Ideas