Summary Of Thinking Fast And Slow

Summary of Thinking, Fast and Slow

Thinking, Fast and Slow... in 30 Minutes

Decisions: You make hundreds every day, but do you really know how they are made? When can you trust fast, intuitive judgment, and when is it biased? How can you transform your thinking to help avoid overconfidence and become a better decision maker? Thinking, Fast and Slow ...in 30 Minutes is the essential guide to quickly understanding the fundamental components of decision making outlined in Daniel Kahneman's bestselling book, Thinking, Fast and Slow. Understand the key ideas behind Thinking, Fast and Slow in a fraction of the time: Concise chapter-by-chapter synopses Essential insights and takeaways highlighted Illustrative case studies demonstrate Kahneman's groundbreaking research in behavioral economics In Thinking, Fast and Slow, Daniel Kahneman, best-selling author and recipient of the Nobel Prize in Economics, has compiled his many years of groundbreaking research to offer practical knowledge and insights into how people's minds make decisions. Challenging the standard model of judgment, Kahneman aims to enhance the everyday language about thinking to more accurately discuss, diagnose, and reduce poor judgment. Thought, Kahneman explains, has two distinct systems: the fast and intuitive System 1, and the slow and effortful System 2. Intuitive decision making is often effective, but in Thinking, Fast and Slow Kahneman highlights situations in which it is unreliable-when decisions require predicting the future and assessing risks. Presenting a framework for how these two systems impact the mind, Thinking, Fast and Slow reveals the far-reaching impact of cognitive biases-from creating public policy to playing the stock market to increasing personal happiness-and provides tools for applying behavioral economics toward better decision making. A 30 Minute Expert Summary of Thinking, Fast and Slow Designed for those whose desire to learn exceeds the time they have available, the Thinking, Fast and Slow expert summary helps readers quickly and easily become experts ...in 30 minutes.

Thinking, Fast and Slow: by Daniel Kahneman | Summary & Analysis

Daniel Kahneman, a psychologist and Nobel Prize winner, is the author of the fascinating book “Thinking, Fast, and Slow.” In general, when we make decisions, be it personally or professionally, all of us utilize two basic thinking systems for problem-solving, and the importance of utilizing the right system. This book is all about two basic thinking systems. The first system is Fast Thinking and the second system is Slow Thinking. p.p1 {margin: 0.0px 0.0px 10.0px 0.0px; text-align: justify; font: 11.0px 'Trebuchet MS'; color: #000000; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} In short, Fast Thinking is what our “gut” tells us what we should do. It is intuitive, emotional, and done with little thought or effort. Slow thinking is slow, deliberate, and logical. It usually takes more time, often includes numerical or factual information that our brain needs to process and is void of emotion. Kahneman expresses the importance of making it a habit to train our brains into using the right way of “thinking” as we make decisions, as utilizing the wrong thinking system can lead to poor or even disastrous consequences. Kahneman, through intensive behavioral study, has determined that people are more successful if they can lean on the Slow Thinking method. Kahneman teaches his proven theory simply, and includes a plan of action for learning to train the brain to use the correct “thinking” system. This novel takes a fascinating look at behaviors that can change our lives - personally, professionally, and financially. It is a book you should read to improve and utilize your thinking system the right way.