Thinking, Fast and Slow

by Daniel Kahneman

Book Summary

Daniel Kahneman's work delves deeply into the dual processes that shape human thought, revealing the ways in which intuitive and deliberate thinking influence decision-making. This exploration offers profound insights into cognitive biases, heuristics, and the interplay between emotion and logic, which affect judgments across personal and professional spheres.

  • Dual-System Theory: The mind operates through two systems — System 1, which is fast, automatic, and intuitive, and System 2, which is slow, effortful, and analytical.
  • Cognitive Biases: System 1’s reliance on heuristics leads to predictable errors and biases such as anchoring, availability, and representativeness.
  • Prospect Theory:...

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