Book Review “Thinking, Fast and Slow”

868 WordsJan 13, 20134 Pages
I read the international bestseller “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; it's intuitive, associative, metaphorical, automatic, impressionistic, and it can't be switched off. Its operations involve no sense of intentional control, but it's the "secret author of many of the choices and judgments you make" and it's the hero of Daniel Kahneman's 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 we're smart; we're confident we won't be unconsciously swayed by the high list price of a house. We're wrong. (Kahneman admits his own inability to counter some of these effects.) We're 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 you're 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 of
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