In Thinking, Fast and Slow, Kahneman takes us on a ground-breaking tour of the mind and explains the two systems that drive the way we think and make choices. One system is fast, intuitive and emotional; the other is slower, more deliberative and more logical. Kahneman exposes the extraordinary capabilities-and also the faults and biases-of fast thinking and reveals the pervasive influence of intuitive impressions on our thoughts and behaviour. The importance of properly framing risks, the effects of cognitive biases on how we view others, the dangers of prediction, the right ways to develop skills, the pros and cons of fear and optimism, the difference between our experience and memory of events, the real components of happiness-each of these can be understood only by knowing how the two systems work together to shape our judgements and decisions.
Thinking, Fast and Slow (Audiobook)
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Two systems drive the way we think and make choices, Kahneman explains: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent.
The really initial monitoring, offering the title to overview, is that ages of all-natural choice offered us the capability to make a fast feedback to an unique circumstance. Survival depended on it. So, if we listen to an unusual sound in the shrubs, our tendency is to run. Presuming slow- relocating, utilizing human reasoning, we can show that it is perhaps Johnny returning from the Female Forerunner camp throughout the river bringing cookies, and that running can not be the most effective principle. However, fast thinking is hardwired.
The really initial monitoring, giving the title to overview, is that ages of all-natural choice supplied us the ability to make a fast action to an unique situation. Survival depended on it. So, if we listen to an irregular sound in the shrubs, our tendency is to run. Presuming slow- relocating, utilizing human reasoning, we might show that it is perhaps Johnny returning from the Lady Forerunner camp throughout the river bringing cookies, and that running might not be the most effective idea. However, fast thinking is hardwired.
The book's main thesis is that of a dichotomy between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates rational and non-rational motivations or triggers associated with each type of thinking process, and how they complement each other, starting with Kahneman's own research on loss aversion. From framing choices to people's tendency to replace a difficult question with one which is easy to answer, the book summarizes several decades of research to suggest that people have too much confidence in human judgement.[1] Kahneman performed his own research, often in collaboration with Amos Tversky, which enriched his experience to write the book.[2][3] It covers different phases of his career: his early work concerning cognitive biases, his work on prospect theory and happiness, and with the Israel Defense Forces.
Introduction 3Part I Two Systems1 The Characters of the Story 192 Attention and Effort 313 The Lazy Controller 394 The Associative Machine 505 Cognitive Ease 596 Norms, Surprises, and Causes 717 A Machine for Jumping to Conclusions 798 How Judgments Happen 899 Answering an Easier Question 97Part II Heuristics and Biases10 The Law of Small Numbers 10911 Anchors 11912 The Science of Availability 12913 Availability, Emotion, and Risk 13714 Tom W's Specialty 14615 Linda: Less is More 15616 Causes Trump Statistics 16617 Regression to the Mean 17518 Taming Intuitive Predictions 185Part III Overconfidence19 The Illusion of Understanding 19920 The Illusion of Validity 20921 Intuitions vs. Formulas 22222 Expert intuition: when can we trust it? 23423 The Outside View 24524 The Engine of Capitalism 255Part IV Choices25 Bernoulli's Errors 26926 Prospect Theory 27827 The Endowment Effect 28928 Bad Events 30029 The Fourfold Pattern 31030 Rare Events 32031 Risk Policies 33432 Keeping Score 34233 Reversals 35334 Frames and Reality 363Part V Two Selves35 Two Selves 37736 Life as a Story 38637 Experienced Well-Being 39138 Thinking about Life 398Conclusions 408Appendix A Judgment Under Uncertainty 419Appendix B Choices, Values, and Frames 433Notes 449Acknowledgments 483Index 485Show MoreReading Group Guide* A major New York Times bestseller* Selected by The New York Times Book Review as one of the ten best books of 2011* Winner of the National Academy of Sciences Best Book Award in 2012In his groundbreaking tour of the mind's machinery, Daniel Kahneman, a renowned psychologist and winner of the Nobel Prize in Economics, presents us with two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Kahneman's ideas have had a profound and widely regarded impact on many fields, including economics, medicine, and politics. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. Rich with practical and enlightening insights into how choices are made in both business and our personal lives, Thinking, Fast and Slow will transform the way you think about thinking. These questions and discussion topics are designed to enhance your reading of Daniel Kahneman's Thinking, Fast and Slow. We hope they will enliven your experience as your explore this rich and fascinating account of how we think.
This book is a tour de force by an intellectual giant; it is readable, wise, and deep. Buy it fast. Read it slowly and repeatedly. It will change the way you think, on the job, about the world, and in your own life.
The guru to the gurus at last shares his knowledge with the rest of us. Nobel laureate Daniel Kahneman's seminal studies in behavioral psychology, behavioral economics, and happiness studies have influenced numerous other authors, including Steven Pinker and Malcolm Gladwell. In Thinking, Fast and Slow, Kahneman at last offers his own, first book for the general public. It is a lucid and enlightening summary of his life's work. It will change the way you think about thinking.Two systems drive the way we think and make choices, Kahneman explains: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent.Kahneman's singularly influential work has transformed cognitive psychology and launched the new fields of behavioral economics and happiness studies. In this path-breaking book, Kahneman shows how the mind works, and offers practical and enlightening insights into how choices are made in both our business and personal lives--and how we can guard against the mental glitches that often get us into trouble.Includes a bonus PDF of illustrations, scientific charts, graphs, and diagrams 2ff7e9595c
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