Think fast and slow book summary
Best Summary: Thinking, Fast and Slow by Daniel KahnemanIn , Daniel Kahneman won the Nobel in economic science. What made this unusual is that Kahneman is a psychologist. Specifically, he is one-half of a pair of psychologists who, beginning in the early s, set out to dismantle an entity long dear to economic theorists: that arch-rational decision maker known as Homo economicus. The other half of the dismantling duo, Amos Tversky, died in at the age of Had Tversky lived, he would certainly have shared the Nobel with Kahneman, his longtime collaborator and dear friend. There are essentially three phases to his career. In one experiment, for instance, experienced German judges were inclined to give a shoplifter a longer sentence if they had just rolled a pair of dice loaded to give a high number.
2 Minutes Book Summary: Thinking Fast and Slow
Thinking, Fast and Slow
This is a great read for anyone who is interested in psychology and processes of thought. After studying psychology and receiving his bachelors, Kahneman was enlisted in the Israeli defence force, working primarily in the psychology department. Kahneman later moved to America to complete his Ph. Part one will examine the two different systems of thought. The second part will discuss heuristics and biases before we move onto part three and overconfidence. Part four will summarise different choices and finally, part five will discuss the concept of two selves. Kahneman explains that there are two systems when it comes to considering judgement and choice.
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Read the full comprehensive summary at Shortform. Thinking, Fast and Slow concerns a few major questions: how do we make decisions? And in what ways do we make decisions poorly?
It was the winner of the National Academies Communication Award for best creative work that helps the public understanding of topics in behavioral science , engineering and medicine. The book summarizes research that Kahneman conducted over decades, often in collaboration with Amos Tversky. The central thesis is 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 cognitive biases associated with each type of thinking, 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 highlights several decades of academic research to suggest that people place too much confidence in human judgement. The book also shares many insights from Kahneman's work with the Israel Defense Forces and with the various departments and collaborators that have contributed to his growth as a thinker and researcher. Kahneman covers a number of experiments which purport to highlight the differences between these two thought systems and how they arrive at different results even given the same inputs.