Cover for Thinking, Fast and Slow

Thinking, Fast and Slow

Daniel Kahneman

Summary

  • Dual-System Thinking: The human mind operates using two distinct modes—System 1, which is fast, automatic, and intuitive, and System 2, which is slow, deliberate, and analytical.
  • Cognitive Biases: System 1’s reliance on heuristics often leads to systematic errors and biases that affect judgment and decision-making.
  • Anchoring Effect: Initial exposure to a number or idea influences subsequent judgments, even when irrelevant.
  • Availability Heuristic: People assess the likelihood of events based on how easily examples come to mind, skewing risk perception and probability estimates.
  • Loss Aversion: Losses loom larger than gains, meaning individuals tend to prefer avoiding losses...

    Full summary available for members.

    Log in or create a free account to view.