Life satisfaction is not a flawed measure of their experienced well-being, as I thought some years ago.
Meaning
Here Kahneman admits he changed his mind after reviewing new evidence, a rare habit among experts. The lesson is twofold: judging your life as a whole and feeling good moment to moment are different things. Check in with both, and update your views when facts change.
Source: Thinking, Fast and Slow (2011)
About the author
(1934–2024) was an Israeli-American psychologist and Nobel laureate known for his work on behavioral economics and decision-making. His research challenged traditional economic theories by showing how human decisions are often influenced by cognitive biases. Kahneman’s book "Thinking, Fast and Slow" explains the dual systems of thought that shape our judgments. His collaboration with Amos Tversky revolutionized the understanding of risk and uncertainty. Kahneman’s insights have influenced economics, psychology, and public policy. His work continues to guide how individuals and organizations approach decision-making and human behavior.
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