Daniel Kahneman with some gems in The Guardian:
“Many people now say they knew a financial crisis was coming, but they didn’t really. After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.”
“Investment bankers believe in what they do. They don’t want to hear that their decisions are no better than chance. The rest of us pay for their delusions.
Despite 45 years of work in the field, I am still inclined to make over-confident predictions.
Economists have a mystique among social scientists because they know mathematics. They are quite good at explaining what has happened after it has happened, but rarely before. I don’t think of myself as an economist at all.”
Here is the link: https://www.theguardian.com/science/2012/jul/08/this-much-i-know-daniel-kahneman
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