Friday, May 22, 2020

Book Review “Thinking, Fast and Slow” - 868 Words

I read the international bestseller â€Å"Thinking, Fast and Slow† of Daniel Kahneman (Winner of the Nobel Prize) over the last 3-4 weeks. I think it is a very interesting book and it is describing very critically the human brain and mind, which gave me many insights into decision-making and errors we are doing automatically without noticing it every day. He is very often talking about System 1 and System 2. System 1 is fast; its intuitive, associative, metaphorical, automatic, impressionistic, and it cant be switched off. Its operations involve no sense of intentional control, but its the secret author of many of the choices and judgments you make and its the hero of Daniel Kahnemans book Thinking, Fast and Slow. System 2 is†¦show more content†¦Finally, they were asked whether the prison sentence for the shoplifting offence should be greater or fewer, in months, than the total showing on the dice. Normally the judges would have made extremely similar judgments, but those who had just rolled nine proposed an average of eight months while those who had rolled three proposed an average of only five months. All were unaware of the anchoring effect. The same goes for all of us, almost all the time. We think were smart; were confident we wont be unconsciously swayed by the high list price of a house. Were wrong. (Kahneman admits his own inability to counter some of these effects.) Were also hopelessly subject to the focusing illusion, which can be conveyed in one sentence: Nothing in life is as important as you think it is when youre thinking about it. Whatever we focus on, it bulges in the heat of our attention until we assume its role in our life as a whole is greater than it is. Daniel Kahneman won a Nobel prize for economics in 2002 and much of his time he’s working together with Amos Tversky. Thinking, Fast and Slow has its roots in their joint work. It is an outstanding book, distinguished by beauty and clarity of detail, precision of presentation and gentleness ofShow MoreRelatedCritique Of Thinking Fast And Slow955 Words   |  4 PagesCritique of Thinking Fast and Slow After reading summaries, reviews, and excerpts from the 27 books we were given a list of to choose from, I decided to go with Thinking, Fast and Slow by Daniel Kahneman. This book set itself apart from many of the other books because it was not about the physical environment. Instead, it focused on the psychological environment that is created by the way humans think. In addition to its uniqueness compared to the other books on the list, my research uncovered thatRead More The Slow Food Movement Essay1604 Words   |  7 PagesThe Slow Food Movement In 1987 Carlo Petrini started a coalition dedicated to the politics and pleasures of slowness and the opposition of fast food. 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Per your request, we will design and craft trainings to adaptRead MoreReaction Paper on Decision Making Text Bok2104 Words   |  9 PagesReaction Paper Thinking, Fast and Slow 2011 a book by Daniel Kahneman Submitted in partial fulfillment of the requirements For Master of Business Administration Degree Judgment in Managerial Decision Thinking The secrets of the human brain: the two mechanisms that control our lives Thinking, Fast and Slow is a 2011 book by Nobel Memorial Prize winner in Economics Daniel Kahneman which summarizes research that he conducted over decades, often in collaboration with Amos Tversky. 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