Thinking, Fast and Slow
by Daniel Kahneman
Thinking, Fast and Slow
by Daniel Kahneman
Book Summary
- Dual-System Thinking: The human mind operates using two distinct modes—System 1, which is fast, automatic, and intuitive, and System 2, which is slow, deliberate, and analytical.
- Cognitive Biases: System 1’s reliance on heuristics often leads to systematic errors and biases that affect judgment and decision-making.
- Anchoring Effect: Initial exposure to a number or idea influences subsequent judgments, even when irrelevant.
- Availability Heuristic: People assess the likelihood of events based on how easily examples come to mind, skewing risk perception and probability estimates.
- Loss Aversion: Losses loom larger than gains, meaning individuals tend to prefer avoiding losses...
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