The guru to the gurus at last shares his knowledge with the rest of us. Nobel laureate Daniel Kahneman's seminal studies in behavioral psychology, behavioral economics, and happiness studies have influenced numerous other authors, including Steven Pinker and Malcolm Gladwell. In Thinking, Fast and Slow, Kahneman at last offers his own, first book for the general public. It is a lucid and enlightening summary of his life's work. It will change the way you think about thinking.
Two systems drive the way we think and make choices, Kahneman explains: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent.
Kahneman's singularly influential work has transformed cognitive psychology and launched the new fields of behavioral economics and happiness studies. In this path-breaking book, Kahneman shows how the mind works, and offers practical and enlightening insights into how choices are made in both our business and personal lives - and how we can guard against the mental glitches that often get us into trouble.
©2011 Daniel Kahneman (P)2011 Random House Audio
“A tour de force. . . Kahneman’s book is a must read for anyone interested in either human behavior or investing. He clearly shows that while we like to think of ourselves as rational in our decision making, the truth is we are subject to many biases. At least being aware of them will give you a better chance of avoiding them, or at least making fewer of them.” (Larry Swedroe, CBS News)
“A major intellectual event . . . The work of Kahneman and Tversky was a crucial pivot point in the way we see ourselves.” (David Brooks, The New York Times)
“[Thinking, Fast and Slow] is wonderful, of course. To anyone with the slightest interest in the workings of his own mind, it is so rich and fascinating that any summary would seem absurd.” (Michael Lewis, Vanity Fair)
I can't believe what I heard from this book. First off, the first 6 hours of this 20 hour book only taught me cheap mind tricks (ie. The ball and bat price comparison).
About half way through the book Mr. Kahneman finally gets to preach his main thesis: Every experience we learn in life is false. We're just confusing correlation with causation.
Mr Kahneman even goes so far to call out Jim Collin's "Built to Last" to only be good for being a doorstop. That Collins just came up with reasons for a company's success in hindsight. According to Mr. Kahneman, when a company has a good year, we look to the newly placed CEO as the cause for the success, but in reality it was just abnormal amount of luck the company enjoyed and they soon will regress to the mean (everything in life is in balance, and whether you do really good or bad, you'll not be able to sustain and eventually will end up on par).
Ironically, Collins' latest book "Great by Choice" covers the subject of luck, and explains how there are unprecedented and uncontrolable variables in life, but we all have the capacity to take the necessary steps beforehand that can allow us to take advantage of the positive variables, and undercutting the giant negative variables (review the story of the mountain climbers accident in Great by Choice).
Kahneman is trying to prove to us that life is all about statistics. Intuition is just mirage. When a Venture Capitalist is having to decide on whether to invest into a certain startup, he should solely rely on the statistical probability of the startup's success, and not on any experience or market data or connections that may be present.
The way I interpret that information is that if its all about statistics, then if I'm going to start a business, all I have to do is look at my statistical probability of success (lets just say its really low like 13%). I then start 10 businesses, and I don't give a crap about my team's talent level, my customers' opinions, or do any product research. I just sit back and wait, since statistics would show that 1 of those will grow to be successful and I'll soon be able to recoup the losses of the other 9.
This book was described as Mr Kahneman's entrance to providing the general public with knowledge from his Nobel winning mind and experience. But instead it just leaves us with questions. This isn't an essay amongst his peers to provide further clues to unlocking the mysteries of the human mind, this was supposed to help us!
If I can summarize all my frustration in a single sentence, it would be this:
Daniel Kahneman did not give me any directly applicable information to improve my life.
I've focused my current reading on behavioral psychology to minimize waste in my life, whether that be bad habits, building good habits, connecting with other people, cultivating creativity, overcoming fears, or mainly reducing inefficiency. I didn't receive that from this book. It is very disappointing, since the last time I read a book by a Nobel Laureate it greatly impacted my life, and that was Dr. Muhammad Yunus, he took his decades of world-changing experience and packaged that in a way that educated, motivated, and equiped readers to change the world.
Asymmetric loss relative to gain is an important principal to try and understand. It is has been shown that we feel losses stronger than gains. The way that this concept was expressed provided some great insight into the everyday struggle to maintain ones place in the world. Many other insights were shared in this remarkable book, your time and attention is rewarded with good ideas and clear writing.
A narrator who wasn't so monotone. I will buy this book and read it. Every time I listen to it I get very sleepy. Now I just play it at night and I'm sleeping within 1/2 an hour. It's my sleep aid.
You had to force your self to focus on what he was saying rather than how he was saying it. He read the book in a very snobby, upper crust kind of tone which just made me want to sleep. I tried to listen while driving, but concluded that it was unsafe (seriously, wanted to sleep while driving).
The topic was interesting and insightful. I can't finish listening to it, I will buy the print version and read it because I found it inspirational. By understanding how we think and make decisions, I think we can change some of our unwanted habits.
I like his approach of using 'system 1' and 'system 2' for referring to 'parts' of the brain. This makes a lot of sense, as I've let my 'system 1' make decisions that my 'system 2' should have made. He supports his theory with tons of research and testing. I think it a great listen. I found that I did the whole book during my commute, and checked out the PDF after hearing references to it, when I was at work or at home. There were times where he referred to large lists of material, that would have been better listed in the PDF, but those were very few. Overall, I enjoyed learning more about how my brain works.
Sometimes this gets to be a little monotonous, but there are plenty of examples to describe how the two systems of thinking occurs and how they work - both as independent brains as well as interdependent brains.
Kahneman explains the leading edge research in simple and beautiful language.
The narration is simply excellent and the feeling is that Kahneman himself reads the book (and enjoys every moment).
I had a lot of fund and learned a lot and it is comforting to see that psychology is finally getting in touch with reality.
i find it very difficult to concentrate due to the voice of the narrator but i like the topics. will probably get the book.
I learned a lot from this book, the ideas were clearly explained and I found it easy to listen to. Each chapter contained a valuable nugget of information.
I recommend this book for anyone who wants to have a new perspective on how we think (and why we think what we think - or what we think we think!).
Apart from jokes, it gives an impressive amount of data on the recent results about human behaviour. Useful, very well read, not at all boring.
Less statistics and dry facts and more storys. A shorter version maybe.
No, but I would like to get more information, maybe a test version before to buy them.
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