Thinking, Fast and SlowNEW YORK TIMES BESTSELLER 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. |
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Contents
Cover Other Books by This Author Title Page Copyright Dedication INTRODUCTION | |
TWO SYSTEMS | |
THE CHARACTERS OF THE STORY | |
ATTENTION AND EFFORT | |
Library and Archives of Canada Cataloguing in Publication is available upon | |
THE LAZY CONTROLLER | |
THE ASSOCIATIVE MACHINE | |
COGNITIVE EASE | |
WHEN CAN WE TRUST | |
THE OUTSIDE VIEW | |
THE ENGINE OF CAPITALISM | |
CHOICES | |
BERNOULLIS ERRORS | |
PROSPECT THEORY | |
THE ENDOWMENT EFFECT | |
BAD EVENTS | |
NORMS SURPRISES AND CAUSES | |
A MACHINE FOR JUMPING TO CONCLUSIONS | |
HOW JUDGMENTS HAPPEN | |
ANSWERING AN EASIER QUESTION | |
HEURISTICS AND BIASES | |
THE LAW OF SMALL NUMBERS | |
ANCHORS | |
THE SCIENCE OF AVAILABILITY | |
AVAILABILITY EMOTION AND RISK | |
TOM WS SPECIALTY | |
LESS IS MORE | |
CAUSES TRUMP STATISTICS | |
REGRESSION TO THE MEAN | |
TAMING INTUITIVE PREDICTIONS | |
OVERCONFIDENCE | |
THE ILLUSION OF UNDERSTANDING | |
THE ILLUSION OF VALIDITY | |
INTUITIONS VS FORMULAS | |
THE FOURFOLD PATTERN | |
RARE EVENTS | |
RISK POLICIES | |
KEEPING SCORE | |
REVERSALS | |
FRAMES AND REALITY | |
TWO SELVES | |
TWO SELVES | |
LIFE AS A STORY | |
EXPERIENCED WELLBEING | |
THINKING ABOUT LIFE | |
CONCLUSIONS | |
JUDGMENT UNDER UNCERTAINTY | |
CHOICES VALUES AND FRAMES | |
Grateful acknowledgment is made for permission to reprint the following | |
NOTES ACKNOWLEDGMENTS | |
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Common terms and phrases
active affect heuristic Amos anchoring effect answer asked assess associative attention automatic availability heuristic average bank teller base rates behavior believe bias biases causal cause chance to win choice cognitive ease coherent conjunction fallacy consider correlation decision weights described economic economists effort ego depletion emotional endowment effect estimate evaluation evidence evoke example expected value experience experienced fact fallacy favor feel forecast framing gains gamble heuristic idea illusion impressions individual intuitive Jack Knetsch judgments knew learned less Linda lose loss aversion memory mental mental accounts million mind normal observed option outcomes overconfident overweighted participants planning fallacy predictions preferences probability problem prospect theory psychologists question random rational reference point regression response retrieved Richard Thaler risk aversion risk seeking sample score situation skill statistical story subjects success surprising System task utility theory wealth words WYSIATI