Amos Tversky
A cognitive psychologist who, with Daniel Kahneman, developed prospect theory and identified numerous cognitive biases that affect human decision-making.
Quotes by Amos Tversky
The future belongs to those who believe in the beauty of their dreams.
The mind is not a vessel to be filled, but a fire to be kindled.
The only thing necessary for the triumph of evil is for good men to do nothing.
The greatest discovery of all time is that a person can change his future by merely changing his attitude.
Exceptions and anomalies remind us that the universe is not as simple as our theories.
The simulation heuristic makes us insensitive to the probability of low-probability events.
People rely on a limited number of heuristic principles which reduce the complexity of judgment tasks.
Losses loom larger than gains.
We study human judgment, not because it is perfect, but because it is not.
Cognitive illusions are the result of the mental shortcuts we take.
The availability heuristic leads us to judge frequency by ease of recall.
Representativeness causes us to ignore base rates.
Anchoring effects show how arbitrary numbers influence our estimates.
Prospect theory explains why people are risk-averse in gains and risk-seeking in losses.
Humans are not rational calculators; they are pattern seekers.
Intuition is nothing more and nothing less than recognition.
The best we can do is a quick and dirty assessment of the situation.
Biases are systematic errors in judgment that persist despite feedback.
Framing effects demonstrate how the presentation of choices alters decisions.
We overestimate the probability of dramatic events because they are vivid.