Wednesday, December 31, 2014

Thinking, Fast and Slow

Thinking, Fast and SlowThinking, Fast and Slow by Daniel Kahneman

My rating: 4 of 5 stars

We know already that our eyes can deceive us, but in Thinking, Fast and Slow we also learn that our minds can deceive us!

Kahneman talks about the two different types of minds that we have - the fast-thinking one (System 1) that makes quick decisions and rationalizes it; and the slow-paced one (System 2) that does rational analysis. However, sending things "back" to System 2 is a costly effort, and it is very easy for us to forget to do that, leading us to oftentimes make decisions that seem irrational on a deeper analysis.

Each chapter is relatively short, with some very good examples backed by research. It becomes a bit overwhelming to think of how many ways there are that we make mistakes in our thinking and planning and decision-making, but by just being a bit more aware of it, we can avoid many of the pitfalls.

I think even if we just learn a little bit, slow down and think about what we decide and why, we will be smarter for it. And hopefully we will be able to make just a tiny bit better decisions!

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