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Thinking, Fast and Slow Summary. Daniel Kahneman begins by laying out his idea of the two major cognitive systems that comprise the brain, which he calls System 1 and System 2. System 1 operates automatically, intuitively, and involuntarily.
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Lesson 1: Your behavior is determined by 2 systems in your mind – one conscious and the other automatic.
Kahneman labels the 2 systems in your mind as follows. System 1 is automatic and impulsive. It’s the system you use when someone sketchy enters the train and you instinctively turn towards the door and what makes you eat the entire bag of chips in front of the TV when you just wanted to have a small bowl. System 1 is a remnant from our past, and it’s crucial to our survival. Not having to think before jumping away from a car when it honks at you is quite useful, don’t you think? System 2 is v...
Lesson 2: Your brain is lazy and causes you to make intellectual errors.
Here’s an easy trick to show you how this conflict of 2 systems affects you, it’s called the bat and ball problem. A baseball bat and a ball cost $1.10. The bat costs $1 more than the ball. How much does the ball cost? I’ll give you a second. … Got it? If your instant and initial answer is $0.10, I’m sorry to tell you that system 1 just tricked you. Do the math again. And? Once you spent a minute or two actually thinking about it, you’ll see that the ball must cost $0.05. Then, if the bat cos...
Lesson 3: When you’re making decisions about money, leave your emotions at home.
Even though Milton Friedman’s research about economics built the foundation of today’s work in the field, eventually we came to grips with the fact that the homo oeconomicus, the man (or woman) who only acts based on rational thinking, first introduced by John Stuart Mill, doesn’t quite resemble us. Imagine these 2 scenarios: 1. You’re given $1,000. Then you have the choice between receiving another, fixed $500, or taking a 50% gamble to win another $1,000. 2. You’re given $2,000. Then you ha...
Kahneman’s thinking in Thinking Fast And Slow reminds a bit of Nassim Nicholas Taleb’s Antifragile. Very scientific, all backed up with math and facts, yet simple to understand. I highly recommend this book!
The 17 year old with an interest in biology and neuroscience, the 67 year old retiree with a secret passion for gambling, and anyone who’s bad at mental math. Last Updated on March 15, 2024
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Thinking, Fast and Slow is a 2011 popular science book by psychologist Daniel Kahneman. The book's main thesis is a differentiation between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical.
- Daniel Kahneman
- 2011
Summary. This is a widely-cited, occasionally mind-bending work from Daniel Kahneman that describes many of the human errors in thinking that he and others have discovered through their psychology research.
In this comprehensive Thinking Fast and Slow summary, we delve into the key takeaways from Kahneman’s groundbreaking book, explore insightful quotes that encapsulate its wisdom, and discover practical applications using ClickUp’s decision-making templates.
4. Juni 2021 · "Thinking, Fast and Slow" is all about how two systems — intuition and slow thinking — shape our judgment, and how we can effectively tap into both. Using principles of behavioral economics,...
The Thinking, Fast and Slow Community Note includes chapter-by-chapter summary and analysis, character list, theme list, historical context, author biography and quizzes written by community members like you.
