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Thinking, Fast and Slow by Daniel Kahneman
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Thinking, Fast and Slow (2011)

by Daniel Kahneman

Other authors: See the other authors section.

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Showing 1-5 of 117 (next | show all)
This is a very interesting look at how we humans think, and how we think we think! Do we always act in our best interests? Do we make rational economic decisions? Some of the ideas covered by Kahneman were also discussed in Michael Lewis's book, The Undoing Project. I am very glad I read Kahneman's book - much more depth. ( )
  addunn3 | Dec 18, 2017 |
A thoughtful and thought-provoking explanation of cognitive biases related to economics and decision making. ( )
  Katya0133 | Nov 10, 2017 |
https://nwhyte.livejournal.com/2898576.html

Kahnemann won the Nobel Memorial Prize for Economics in 2002, for his work on prospect theory, which is one of many topics covered in this book. He is consistently generous to co-workers, and admits to earlier mistakes, which makes him come across as a modest and pleasant person. This is just as well, because his central thesis is an unwelcome one: we are usually wrong, most of the time, for deep-rooted hard-wired reasons, and all he can really do is explain why.

His fundamental point is that our brains work in two different ways - System 1, which is instinctive, emotional, and easy, and System 2, which is logical, calculating, and difficult. When we make choices, we tend to frame those choices and the situation in a way that biases our thinking without us realising it - System 2 seduced by System 1, as it were. And when we look back, we remember things quite differently to how we experienced them, and that too biases our future decisions.

I found it all fascinating, and there are lessons here for anyone trying to persuade other people as part of their daily lives - in particular, many sales techniques are actually well supported by Kahnemann's reserach, a case of practice and theory coinciding. Very strongly recommended. ( )
1 vote nwhyte | Nov 4, 2017 |
Few books have explained more to me than Thinking Fast & Slow. ( )
  pgiltner | Oct 30, 2017 |
THINKING, FAST AND SLOW

By Daniel Kahneman. Farrar, Straus & Giroux, $30.

We overestimate the importance of whatever it is we’re thinking about. We misremember the past and misjudge what will make us happy. In this comprehensive presentation of a life’s work, the world’s most influential psychologist demonstrates that irrationality is in our bones, and we are not necessarily the worse for it.
  Bakhtin | Oct 24, 2017 |
Showing 1-5 of 117 (next | show all)
The replication crisis in psychology does not extend to every line of inquiry, and just a portion of the work described in Thinking, Fast and Slow has been cast in shadows. Kahneman and Tversky’s own research, for example, turns out to be resilient. Large-scale efforts to recreate their classic findings have so far been successful. One bias they discovered—people’s tendency to overvalue the first piece of information that they get, in what is known as the “anchoring effect”—not only passed a replication test, but turned out to be much stronger than Kahneman and Tversky thought.

Still, entire chapters of Kahneman’s book may need to be rewritten.
added by elenchus | editSlate.com, Daniel Engber (Dec 1, 2016)
 
"It is an astonishingly rich book: lucid, profound, full of intellectual surprises and self-help value. It is consistently entertaining and frequently touching..."
added by melmore | editNew York Times, Jim Holt (Nov 25, 2011)
 
Thinking, Fast and Slow is nonetheless rife with lessons on how to overcome bias in daily life.
 

» Add other authors (23 possible)

Author nameRoleType of authorWork?Status
Daniel Kahnemanprimary authorall editionscalculated
Egan, PatrickReadersecondary authorsome editionsconfirmed
Eivind LilleskjæretTranslatorsecondary authorsome editionsconfirmed
Gunnar NyquistTranslatorsecondary authorsome editionsconfirmed
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Every author, I suppose, has in mind a setting in which readers of his or her work could benefit from having read it.
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extreme outcomes (both high and low) are more likely to be found in small than in large samples. This explanation is not causal. The small population of a county neither causes nor prevents cancer; it merely allows the incidence of cancer to be much higher (or much lower) than it is in the larger population. The deeper truth is that there is nothing to explain. The incidence of cancer is not truly lower or higher than normal in a county with a small population, it just appears to be so in a particular year because of an accident of sampling. If we repeat the analysis next year, we will observe the same general pattern of extreme results in the small samples, but the counties where cancer was common last year will not necessarily have a high incidence this year. If this is the case, the differences between dense and rural counties do not really count as facts: they are what scientists call artifacts, observations that are produced entirely by some aspect of the method of research - in this case, by differences in sample size. p 111
Even now, you must exert some mental effort to see that the following two statements mean exactly the same thing: Large samples are more precise than small samples. Small samples yield extreme results more often than large samples do. p 111
When experts and the public disagree on their priorities, [Paul Slovic] says, 'Each side must respect the insights and intelligence of the other.' p 140
You can also take precautions that will inoculate you against regret. Perhaps the most useful is to b explicit about the anticipation of regret. If you can remember when things go badly that you considered the possibility of regret carefully before deciding, you are likely to experience less of it. You should also know that regret and hindsight bias will come together, so anything you can do to preclude hindsight is likely to be helpful. My personal hindsight-avoiding policy is to be either very thorough or completely casual when making a decision with long-term consequences. Hindsight is worse when you think a little, just enough to tell yourself later, 'I almost made a better choice.'     Daniel Gilbert and his colleagues provocatively claim that people generally anticipate more regret than they will actually experience, because they underestimate the efficacy of the psychological defenses they will deploy - which they label the 'psychological immune system.' Their recommendation is that you should not put too much weight on regret; even if you have some, it will hurt less than you now think.p 352
Unless there is an obvious reason to do otherwise, most of us passively accept decision problems as they are framed and therefore rarely have an opportunity to discover the extent to which our preferences are frame-bound rather than reality-bound. p 367
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Le système 1 est rapide , intuitif et émotionel ;le système 2 est plus lent , plus réfléchi , plus controléet plus logique .Fruit d toute une vie de recherche ''Système 1/Système 2" dessine une théorie brillante ,qui offer des prolongements pratiques immédiats dans la vie quotidienne et professionnelle.
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Amazon.com Amazon.com Review (ISBN 0374275637, Hardcover)

Amazon Best Books of the Month, November 2011: Drawing on decades of research in psychology that resulted in a Nobel Prize in Economic Sciences, Daniel Kahneman takes readers on an exploration of what influences thought example by example, sometimes with unlikely word pairs like "vomit and banana." System 1 and System 2, the fast and slow types of thinking, become characters that illustrate the psychology behind things we think we understand but really don't, such as intuition. Kahneman's transparent and careful treatment of his subject has the potential to change how we think, not just about thinking, but about how we live our lives. Thinking, Fast and Slow gives deep--and sometimes frightening--insight about what goes on inside our heads: the psychological basis for reactions, judgments, recognition, choices, conclusions, and much more.  --JoVon Sotak

(retrieved from Amazon Thu, 12 Mar 2015 18:00:22 -0400)

(see all 4 descriptions)

Kahneman exposes the extraordinary capabilities and also the faults and biases of fast thinking, and the pervasive influence of intuitive impressions on peoples' thoughts and choices.

» see all 8 descriptions

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An edition of this book was published by Penguin Australia.

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