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Daniel Kahneman – Biographical, Part 2: Eulogy for Amos Tversky (June 5, 1996)

Daniel Kahneman · 5 Jun 1996

The piece opens with

Predictions should be less extreme than the information they rest on, an idea that is deeply counterintuitive

As I understood clearly only when I taught statistics some years later, the idea that predictions should be less extreme than the information on which they are based is deeply counterintuitive.

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Daniel Kahneman did not write this page.

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  1. As I understood clearly only when I taught statistics some years later, the idea that predictions should be less extreme than the information on which they are based is deeply counterintuitive.
  2. The concept of loss aversion was, I believe, our most useful contribution to the study of decision making.
  3. Every discipline of social science, I believe, has some ritual tests of competence, which must be passed before a piece of work is considered worthy of attention. Such tests are necessary to prevent information overload, and they are also important aspects of the tribal life of the disciplines.
  4. It is a strange and rather arbitrary process that selects some pieces of scientific writing for relatively enduring fame while committing most of what is published to almost immediate oblivion.
  5. Both as a participant and as a reader I have been appalled by the absurdly adversarial nature of these exchanges, in which hardly anyone ever admits an error or acknowledges learning anything from the other.
  6. People who make a difference do not die alone. Something dies in everyone who was affected by them.

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