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 would give $100,000 to have read this book thirty years ago: because I am certain that I would be at least $500,000 richer today if I had. I do not know how to recommend a book more strongly; if I did I would do it.
The book provides deep insights into how we think and therefore touches on many aspects of life. These insights that not only affect one's world view but much of what one does every single day.
If I were a teacher (on whatever subject), I would make this book part of my course; if I were the head of an educational institute, I would make sure all students learn its contents before they graduate. I would like to give this book to every young person I care about (and not so young persons too). If I were Bill Gates, I would give a copy to every one alive.
There are books that are "great" in various ways, from the Bible to Tolstoy novels to Lao-tzu to Eckhard Tolle. This one has no claim to "greatness", but it is surely among the most useful, at least to anyone who still lives in the mundane.
This was a hard book to listen too. There were graphs and charts and figures being referred to and, well, I wasn't going to try and find those things while I was driving. I didn't get through it all. Quickly became a bit easy to predict and not very interesting. Wouldn't buy it again.
No, because the author refers to a pdf exhibit frequently throughout the book, has the reader do exercises and activities, etc. Not convenient for someone listening in the car.
I would recommend reading it either on kindle or hard copy.
I really felt insulted at the pace and the level of detail provided. The narrator was so slow I was losing interest. The content was so thick & voluminous that I understood the point of the story about 1/3 of the way through; but had to keep listening. The content was great but the telling of the story was very laborious.I guess I'm a little faster than most, but really this book over 20 hours of this type of thing. Maybe they could read "Made to Stick" By Chip & Dan Heath. Get to the core of the message and illustrate with a few stories, move on.
The pace and level of detail provided was too slow, too detailed. (I love details, but not all of them)
I may buy the book as a reference, I thought that there were many great things brought out if you're patient enough to wait for them.
I loved hearing this book. What is said makes complete sense. Very easy to follow. Takes the listener to depths of how the brain works. There is an uncanny truth about what's said in the book. We don't notice what we are thinking, but this book draws the attention to it.
This book just good. It introduced me to the "It depends on where you start"
I found this thoroughly fascinating. It is more psychology than it is economics, but it comes full circle to behavioral economics for sure.
I didn't read the print version.
It was reminiscent of Malcolm Gladwell and Dan Ariely's work.
Perfect presentation for the subject matter.
Concise summary of a lot of important research. Intuitively presented. Thought provoking. Outstanding.
Eyes opening, educating. Useful insight into the way our mind works. Learning to avoid common, natural mistakes. Understanding our 2 systems and when to consciously use the second one to think end decide correctly.
You gain practical understanding from every chapter.
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