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Thinking Fast and Slow

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Thinking Fast and Slow

By: Daniel Kahneman

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Thinking, Fast and Slow by Nobel winner Daniel Kahneman offers a deep study of the two systems that drive our thoughts and decisions: System 1, the fast, natural, and emotional reaction, and System 2, the slow, careful, and logical thinking process.

This book is a must-read for anyone interested in psychology, decision-making, and human behavior, offering useful insights into why we think the way we do and how we can think better.

Kahneman expertly shows how these systems work, combine, and often lead to cognitive flaws and mistakes in judgment. Drawing on decades of study, the book shows how we can improve our decision-making, avoid common mistakes, and gain greater insights into human behavior.

Table of Contents of this book:

Part 1: Two Systems
– The Characters of the Story – Attention and Effort – The Lazy Controller – The Associative Machine
– Cognitive Ease – Norms, Surprises, and Causes
– A Machine for Jumping to Conclusions
– How Judgments Happen – Answering an Easier Question

Part 2: Heuristics and Biases
– The Law of Small Numbers
– Anchors – The Science of Availability – Availability, Emotion, and Risk – Tom W’s Specialty – Linda: Less is More – Causes Trump Statistics
– Regression to the Mean – Taming Intuitive Predictions

Part 3: Overconfidence
– The Illusion of Understanding – The Illusion of Validity – Intuitions vs. Formulas
– Expert Intuition: When Can We Trust It?
– The Outside View – The Engine of Capitalism

Part 4: Choices
– Bernoulli’s Errors
– Prospect Theory – The Endowment Effect
– Bad Events – Rare Events
– Risk Policies – Keeping Score – Reversals – Frames and Reality

Part 5: Two Selves
-Two Selves
-Life as a Story –
-Experienced Well-Being –
-Thinking About Life

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