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...fact, research suggests that money and happiness really aren't very well linked. A study published in 2006 by Kahneman and others found that "people with above-average incomes are relatively satisfied with their lives but are barely happier than others in moment-to-moment experiences...

Author: /time Magazine | Title: Recession Not As Depressing As It Seems | 12/23/2008 | See Source »

...Unemployment is a psychological as well as a financial disaster, and general anxiety is not wonderful," says Daniel Kahneman, a Princeton University psychology professor who won the 2002 Nobel Prize in Economics. "But I expect that the people who are not directly affected by the recession will only show small changes in their mood and satisfaction with life...

Author: /time Magazine | Title: Recession Not As Depressing As It Seems | 12/23/2008 | See Source »

...term success of a business? There is a relationship, but it is not one you would expect. The evidence suggests that as entrepreneurial leaders become more successful, there is a tendency for them to become more risk averse--a concept called "loss aversion" made famous by Israeli psychologists Daniel Kahneman and Amos Tversky, who studied behavioral economics. Kahneman and Tversky found that people don't always behave in the rational manner that the classical economic models predict. When they get ahead in the game, they may begin to get conservative--playing it safe even when the odds...

Author: /time Magazine | Title: Myth of the Fearless Entrepreneur | 5/22/2008 | See Source »

...lone word “VOMIT” appeared on the screen as Nobel Prize-winning psychologist Daniel Kahneman described how audience members would involuntarily react to the stimulus, including raised hairs on the back of the neck, increased sweat gland activity, and heightened sensitivity to other unsettling words. Kahneman, who is a professor emeritus at Princeton’s Woodrow Wilson School of Public and International Affairs, specializes in the psychological underpinnings of economic decision-making. The exercise in priming was part of Kahneman’s talk on judgment and intuition yesterday in Yenching Auditorium. Despite being...

Author: By Wyatt P. Gleichauf, CRIMSON STAFF WRITER | Title: Nobel Laureate Explains Intuition | 4/16/2008 | See Source »

...That falls in line with what Princeton professor Daniel Kahneman coined "the availability heuristic": the concept that if people can think of an incident in which a risk has come to fruition, they will exaggerate its likelihood. "Somehow the probability of an accident increases [in one's mind] after you see a car turned over on the side of the road," says Kahneman, who won a 2002 Nobel prize for his work. "That's what availability does to you: it plants an image that comes readily to mind, and that image is associated with an emotion: fear...

Author: /time Magazine | Title: How We Confuse Real Risks with Exaggerated Ones | 11/29/2006 | See Source »

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