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Published: 11.05.2021
Kahneman, D. Reducing Noise in Decision Making. Harvard Business Review , 94 12 ,
Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology that challenged the rational model of judgment and decision making, is one of our most important thinkers. His ideas have had a profound and widely regarded impact on many fields—including economics, medicine, and politics—but until now, he has never brought together his many years of research and thinking in one book. In the highly anticipated Thinking, Fast and Slow, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. Kahneman exposes the extraordinary capabilities—and also the faults and biases—of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior.
In this book, Kahneman describes the ways in which we think or make decisions — and how those ways work against and with one another. System 1 thinking is better described as our intuition, which relies on subconscious information and prior experience to make a decision. System 2 is logical and deliberate, and it requires careful consideration of reasonable information to make a decision. However, this type of thinking is also prone to excessive bias and will always look for things to confirm your suspicions. Thus, System 1 thinking can get us into big trouble or cause us to emotionally react when it is not necessary. System 2 thinking often requires you to seek out alternative opinions to counteract your own internal biases. System 1 thinking, as a result, is often preoccupied with loss or fear or focused on avoiding risks and negative reactions.
The Thinking Fast And Slow Free Pdf is a tour de force of Behavioral Psychology; this book explains how our mind comes to conclusions and makes decisions. The author, Daniel Kahneman explains that our intuition and decision making part of brain has two personalities. System 2 is the more contemplative, cognitively taxing counterpart that we engage for serious mental exertion. Kahneman takes us through an exhaustive tour of biases and fallacies people are prone to making. He talks about the halo effect, affection bias, confirmation bias, and even regression to the mean. As a mathematician, I liked his angle on probability and statistics; as a logician, I appreciated his brief segues into the logical aspects of our contradictory decision-making processes. There are two other things I really appreciated about this book, both of which are related to psychology.
The distinction between fast and slow thinking has been explored by was offered by Christopher Chabris and Daniel Simons in their book The. Invisible Gorilla.
Author: Daniel Kahneman. Narrator: Patrick Egan. Unabridged: 20 hr 2 min. Format: Digital Audiobook. Publisher: Random House Audio.