Best Summary: Thinking, Fast and Slow by Daniel KahnemanRead 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? System 1 : operates automatically and quickly, with little or no effort, and no sense of voluntary control. System 2 : allocates attention to the effortful mental activities that demand it, including complex computations. Often associated with the subjective experience of agency, choice and concentration. System 1 automatically generates suggestions, feelings, and intuitions for System 2.
Best Summary: Thinking, Fast and Slow, by Daniel Kahneman
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In , 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.
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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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.