Thinking Fast and Slow

by Jörgen Eriksson on October 28, 2012

Nobel laureate and Psychologist Daniel Kahneman has published a book called  ‘Thinking, Fast and Slow’. It is about our two modes of thought: fast, instinctive and emotional at one end and the other end of the scale, slower, more deliberative, and more logical. Kahneman takes us on a ground-breaking tour of the mind and the book is a fascinating read as it suggest that people place too much confidence in human judgment.

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 impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation. Each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions.

Daniel Kahneman on Thinking, Fast and Slow

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