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Quote by Daniel Kahneman

“At work here is that powerful WYSIATI ("what you see is all there is") rule. You cannot help dealing with the limited information you have as if it were all there is to know. You build the best possible story from the information available to you, and if it is a good story, you believe it. Paradoxically, it is easier to construct a coherent story when you know little, when there are fewer pieces to fit into the puzzle. Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.”

Author

Daniel Kahneman

Daniel Kahneman is a renowned psychologist known for his work in behavioral economics and decision theory. Born on March 5, 1934, he is of Israeli descent and has worked and studied in Israel, the United States, and Canada. Kahneman's research has had a profound impact on modern economics, psychology, and business decision-making. more

“The conceptual vocabulary derived from the classical form of the [multi-armed bandit] problem—the tension between explore/exploit, the importance of the interval, the high value of the 0-0 option [Gittins Index], the minimization of regret—gives us a new way of making sense not only of specific problems that come before us, but of the entire arc of human life. 54”

Regrets Making Sense Narrative Arc

Book:Algorithms to Live By: The Computer Science of Human Decisions

Source: Algorithms to Live By: The Computer Science of Human Decisions

“L'homme ne peut vivre hors de l'espace mais aussi, plus profondément, il a besoin de faire du sens en partant de l'espace pour interpréter les signes qui en sont le maillon central.”

Space Human Condition Making Sense

Book:Le numérique contre le politique

Source: Le numérique contre le politique

“Then he drew back and looked into her eyes. 'You've always made sense,' he said. 'Even when I find it difficult to follow what on earth you're going on about, it seems to me that you make sense.”

Love Making Sense

Author:Alexander Mccall Smith (Author)

“The United States thus achieved what no earlier imperial system had put in place: a flexible form of global exploitation that controlled debtor countries by imposing the Washington Consensus via the IMF and World Bank, while the Treasury bill standard obliged the payments-surplus nations of Europe and East Asia to extend forced loans to the U.S. Government. Against dollar-deficit regions the United States continued to apply the classical economic leverage that Europe and Japan were not able to use against it. Debtor economies were forced to impose economic austerity to block their own industrialization and agricultural modernization. Their designated role was to export raw materials and provide low-priced labor whose wages were denominated in depreciating currencies. Against dollar-surplus nations the United States was learning to apply a new, unprecedented form of coercion. It dared the rest of the world to call its bluff and plunge the international economy into monetary crisis. That is what would have happened if creditor nations had not channeled their surplus savings to the United States by buying its Government securities.”