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Daniel Kahneman

Key Facts and Insights:

  1. The human mind operates in two distinct ways, classified as System 1 and System 2.
  2. System 1 is fast, instinctive, and emotional, while System 2 is slow, deliberative, and logical.
  3. The book emphasizes the importance of understanding the interaction between these two systems in shaping our judgments and decision-making.
  4. Our judgments and decisions are often influenced by cognitive biases that arise from reliance on System 1 thinking.
  5. The book discusses several heuristic principles and biases, such as the availability heuristic, anchoring effect, and overconfidence bias.
  6. Kahneman introduces the concept of “prospect theory,” challenging the...

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Michael Müller
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Michael Müller DE

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