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Daniel Kahneman: Thinking Fast and Slow


alee228

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In his new book Thinking, Fast and Slowir?t=tomspeconblo-20&l=as2&o=1&a=0374275, Kahneman takes us on a journey of the mind and explains the two systems that drive the way we think.

System 1 is fast, intuitive, and emotional, while System 2 is slower, more deliberate, and more logical.

Kahneman looks at the impact of loss aversion and overconfidence on corporate strategies, the difficulty of predicting what will make us happy, the challenges of properly framing risks, and the effect of cognitive biases on our ability to make investment decisions.

The flaws in our thinking can be understood by appreciating how the two systems of the mind work together to shape our decisions.

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