Thinking Fast And Slow

Thinking Fast And Slow

by Daniel Kahneman

4.86 out of 5 (7 ratings)

Format:
Hardback 
Pages:
512 
Publisher:
Penguin Books Ltd 
Publication Date:
03 November 2011 
Category:
Psychology 
ISBN:
9781846140556 

Description

Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology challenging the rational model of judgment and decision making, is one of the world's most important thinkers. His ideas have had a profound impact on many fields-including business, medicine, and politics-but until now, he has never brought together his many years of research in one book. In "Thinking, Fast and Slow", Kahneman takes us on a groundbreaking 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 judgments and decisions. Drawing on a lifetime's experimental experience, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our professional and our personal lives-and how we can use different techniques to guard against the mental glitches that often get us into trouble. "Thinking, Fast and Slow" will transform the way you take decisions and experience the world.

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  • I thoroughly enjoyed this book. I must make clear, however, before getting into the meat of a review, that this is not my area of expertise (if such exists!).Daniel Kahneman examines the human thought process and splits it into an imaginary, but useful for understanding, two function system. He suggests that System 1 comes up with an instant answer to questions where ever possible: is this person whom I am seeing for the first time a 'nice' person? Am I going to enjoy eating this plate of food of a type I have never previously tried? and that System 2 is largely called in when System 1 cannot provide an instant response, i.e. 17 x 24, or to provide back up for the views expressed by System 1.Kahneman does not simply state his beliefs, all the way through the book their are statements to assess and I found that I was lead into illogical thinking on every predicted occasion. He shows that our rational thought is not always rational and that remembered experience can differ from the perception at the time. He also shows that, fear of loss is a greater driver than anticipation of gain, to an extent whereby it can have a negative effect upon our life.This book is one of those rare tomes, written by an expert but not clouded with phrases designed to be understood by another expert but guaranteed to defeat the interested amateur. As stated earlier, this is not my field and, whilst there is undoubtedly more in this book than I was able to extract, none the less, I am a wiser person for the reading.In his conclusion, Khaneman pushes this on from interesting facts about how we think to the effect that this information should have upon the way we are governed. Should our rulers react to what we say is influencing our views, or through the expertise of those able to tease out the route dissatisfaction, take a superior, 'We know what you really want' attitude? This, of course leads to the danger of superior rulers ignoring our views because they know what we require better than we do.Do I know myself better for reading this book? That is a difficult question to answer. Perhaps the best way so to do is to say that I am more aware of the weakness of some of my views: whether that will make it possible to engage System 2 more often and reduce the number of ill considered opinions which I hold, is another matter.

    5.00 out of 5

    the.ken.petersen

  • A Nobel prize book for Economics this book was a "not to put down" book for me. The consistent logical thought process of the book was particularly appealing, as was the basic premiss of the book - humans think at two speeds, fast and slow. Well worth reading again.

    5.00 out of 5

    oldman

  • Two systems drive how we think. System 1 is fast, intuitive, and emotional (which suffers faults and biases, subject to intuitive impressions); System 2 is slower, more deliberative, and more logical. Corporate strategies are impacted by loss aversion and overconfidence, difficulties predicting what makes future happiness, difficulties framing home and workplace risks, and cognitive biases.Slower, more deliberative thinking can help us choose in business and personal living.

    5.00 out of 5

    vegetarian

  • I cannot recommend is book strongly enough. It serially debunks any number of myths about the way we think.

    5.00 out of 5

    jacoombs

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