Kahneman — “However, optimism is highly valued, socially and in…”
Source: Thinking, Fast and Slow — Daniel Kahneman
Book page: kahneman-thinking-fast-and-slow
From: Daniel Kahneman — Quotes
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.