Thinking, Fast and Slow

Front Cover
Farrar, Straus and Giroux, Oct 25, 2011 - Psychology - 512 pages

Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist's 2011 Books of the Year
One of The Wall Street Journal's Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds

In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, 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. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions.

Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.

From inside the book

 

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... SPECIALTY LINDA: LESS IS MORE CAUSES TRUMP STATISTICS REGRESSION TO THE MEAN TAMING INTUITIVE PREDICTIONS 109 119 129 137 146 156 166 175 185 APPENDIX A: JUDGMENT UNDER UNCERTAINTY APPENDIX B: CHOICES, VALUES, AND CONTENTS.
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... predictions were absurd, but we still found them appealing. It was also clear that our intuitions were governed by the resemblance of each child to the cultural stereotype of a profession. The amusing exercise helped us develop a theory ...
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... predictions. On another occasion, Amos and I wondered about the rate of divorce among professors in our university. We noticed that the question triggered a search of memory for divorced professors we knew or knew about, and that we ...
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... predictions are usually accurate as well, and its initial reactions to challenges are swift and generally appropriate. System 1 has biases, however, systematic errors that it is prone to make in specified circumstances. As we shall see ...
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Daniel Kahneman
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Daniel Kahneman
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Daniel Kahneman
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Common terms and phrases

affect heuristic Amos Amos Tversky answer asked assess associative automatic average bank teller base rates behavior believe Bernoulli’s bias biases causal cause chance to win choice cognitive ease coherence conjunction fallacy consider correlation Daniel Kahneman decision weights economic economists effort emotional endowment effect errors estimate evaluation evidence evoke example expected experience experienced favor feel forecast framing gains gamble happiness heuristic idea illusion individual intuitive Jack Knetsch Journal judgments learned less Linda loss aversion memory mental accounts mind observed ofthe one’s option outcomes pain participants Paul Slovic peak-end rule people’s person planning fallacy predictions preferences probability problem prospect theory question rational reference point regression response retrieved Richard Thaler risk aversion risk seeking sample Science score Slovic Social Psychology statistical story subjects surprising System task Thaler ticket tion Tversky utility wealth well-being words WYSIATI

About the author (2011)

Daniel Kahneman is Eugene Higgins Professor of Psychology Emeritus at Princeton University and a professor of public affairs at the Woodrow Wilson School of Public and International Affairs. He received the 2002 Nobel Prize in Economic Sciences for his pioneering work with Amos Tversky on decision-making. He is the author of the international bestseller Thinking, Fast and Slow.

Bibliographic information

QR code for Thinking, Fast and Slow
TitleThinking, Fast and Slow
AuthorDaniel Kahneman
Editionillustrated
PublisherFarrar, Straus and Giroux, 2011
ISBN1429969350, 9781429969352
Length512 pages
Subjects › 

Business & Economics / Decision-Making & Problem Solving
Psychology / Cognitive Psychology & Cognition
  
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