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)
The audio version of this book can be a challenge at times to follow but to the patient there are ample rewards in its content. Even before finishing, I was actively recommending it to colleagues and friends.
This book is a sort of scientific manifesto for rationality, even if the author is not at ease with this description. It sheds light on some of the traps that our minds are capable of falling and will be an enduring classical. As a portfolio manager, I agree with most of the author's view regarding financial markets, even though the book failed in convincing me that I will be no different from the other guys! A piece of art, science and heavy labor!!!
I was very disappointed in this book. I am sure it is a good book but when it refers to written parts, it becomes very inconvenient while driving or cooking.
This book changed the way I think about decision making. Many of the topics that was presented will improve for sure the way I view then world.
Hats off to Mr. Kahneman ...
Starting from two systems of brain ,
System 1 - fast and intuitive thinking
System 2 - slow and logical thinking to frames and reality .... , he is tuning our brain to understand his remarkable psychological traveling concepts. When he speaks on "I The cognitive ease , anchoring effect , heuristics and biases, over confidence , focus on illusion ... Woo hoo... I felt entire life is wrapped inside his book". When he explains on choices , I really admired his matured glance on humanism ... One concept which blown me away is " Praise or punishment generally irrelevant for professionals"... High dense informations almost acceptable case studies examples ... Clear simple narration , coining perfect vocabularies.... Amazing author!!! Being happy about your Life , Being happy in yourself to Life and Being happy with your Life - Kahneman's mantra for success!!!
Thoreau's 'Walden' and Ayn Rand's 25th anniversary introduction to 'The Fountainhead' summarize my library well.
Kahneman's life work is a fascinating revelation of the human mind's limitations, including its own inability to see these limitations. The challenge with this audiobook is its reliance on numerical and mathematical exercises--I start to drift when equations and ratios are narrated at length. Seeing this data in print would be easier to digest.
That said, my two takeaways from this book are significant and worth the spent credit:
- "All you see is all there is." (Re: the mind's inability to see data and scenarios in broader contexts)
- "A person's willingness to apply the specific to the general is matched only by their inability to apply the general to the specific." (This paraphrased quote, as Kahneman states, is not his; it stopped me in my tracks nonetheless.)
This book was capable of keeping my attention and wanting more. I consider it thoroughly enjoyable, but this is the type of book that requires your full attention. If you are looking for something to listen to while you are bull fighting or experimenting with electricity this is not the book for you. You will probably die. You have been warned.
It is intriguing to see how the mind is categorized and the paths it takes to figure something out. It is highly educational for everyone.
Somewhat akin to Ben Stein. The narrator could stand to add some inflection and pace changes to sound less like he has given up on life.
Your brain is lazy and so are you.
It would star Matthew McConaughey and Winona Ryder. MMC would be the fun loving stoner that takes everything at face value (System 1) while WR tries desperately to see if what MMC is saying is real (System 2) or just some ghost that wants you to say his name three times. Either way the plot doesn't really progress. In the end the Funions are gone and the M&M's are sorted by color. You learned a lot, but you didn't really get anywhere.
I will probably buy the book since the audio version lets distractions slip by easier.
great to understand how many of our decisions and evaluations come to place, and insights into learning and the importance of practice. so many flaws and biases that can occur in thinking, and typically without us recognizing. also awesome to shatter the too-often held-up doctrine of rational choice. one of the best listens in the last years!
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