Learning fast and slow book
Best Summary: Thinking, Fast and Slow by Daniel KahnemanI've read books in the past four years. Some were awful. Others were incredible. But I took notes on all of them. I've never known what to do with these notes. Then I got an idea: I'll dump some of the highlights into a weekly article.
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In Thinking, Fast and Slow , Nobel Prize-winning psychologist Daniel Kahneman looks at the human brain and examines why we are so prone to making poor judgements and, consequently, bad decisions. The book is taught in business schools around the world. In the mids, Kahneman changed the way we thought about thinking. With his friend Amos Tversky, Kahneman explained that the brain creates cognitive shortcuts to resolve problems. Kahneman outlines the System 1 fast and System 2 slow thinking modes of the human brain and explains how we use heuristics to aid decision-making. Availability heuristics help us to process the likelihood of an event occurring based on our recall.
Daniel Kahneman and The Science of Decision-Making
How fine it must be to have Daniel Kahneman's confidence in the effect of one's words! And indeed he does, to an extent recognised in by the award of the Nobel Prize in economics. Kahneman and his intellectual partner Amos Tversky, who died in , humanised economics by demonstrating systematic biases in the way people assess prospects and make decisions.
If you are involved with strategy in any way, I strongly recommend that you read book by the Nobel prize winning Psychologist, Daniel Kahneman. The book forces me to stop and think more slowly about things. More importantly it is about when our mechanisms for thinking let us down and how we can become more aware of what decisions we are making, how we are making them and the quality of those decisions. In the book, Daniel Kahneman sets up two metaphors for how we think and make decisions. He describes these two systems for decision making as being like two characters in a novel.
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