Thinking, Fast and Slow Book By Daniel Kahneman (PDF-Summary-Review-Online Reading-Download)

image

Thinking, Fast and Slow is a best-selling book published in 2011 by the Nobel Prize for Economic Sciences Daniel Kahneman. He was the 2012 winner of the National Academies Communication Award for the best creative work that helps the public understand topics in behavioral science, engineering, and medicine.

The book summarizes the research that Kahneman conducted for decades, often in collaboration with Amos Tversky. It covers all three phases of his career: his early days working on cognitive biases, his work on leadership theory, and his later work on happiness.

The central thesis is a dichotomy between two modes of thought: "System 1" is fast, instinctive, and emotional; "System 2" is slower, more deliberative, and more logical. The book describes the cognitive biases associated with each type of thinking, beginning with Kahneman's own research on loss aversion. From framing elections to people's tendency to replace a difficult question with one that is easy to answer, the book highlights several decades of academic research to suggest that people rely too heavily on human judgment.

The book also shares many insights from Kahneman's work with the Israel Defense Forces and with the various departments and collaborators that have contributed to his growth as a thinker and researcher.

Book Details
Originally published: October 25, 2011
Pages: 499 pages
Genre: Non-fiction
ISBN: 9780141033570

Book Summary
In the highly anticipated Fast and Slow Thinking, Kahneman takes us on an innovative 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. Kahneman exposes the extraordinary abilities, and also the flaws and prejudices, of quick thinking and reveals the dominant influence of intuitive impressions on our thoughts and behavior. The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of Cognitive biases in everything from playing the stock market to planning the next vacation - each of these can only be understood by knowing how the two systems work together to shape our judgments and decisions.

By engaging the reader in a lively conversation about how we think, Kahneman reveals where we can trust our intuitions and how we can reap the benefits of slow thinking. It offers insightful, practical information about how decisions are made both in our business and in our personal lives, and how we can use different techniques to protect ourselves from the mental problems that often put us in trouble. Thinking fast and slow will transform the way you think about thinking.

Book Review
It is an amazingly rich book: lucid, profound, full of intellectual surprises, and self-help value. It is consistently entertaining. . . So impressive is his vision of imperfect human reason that New York Times columnist David Brooks recently stated that the work of Kahneman and Tversky "will be remembered hundreds of years from now" and that it is "a crucial turning point in the way we see ourselves. ". 'They are, Brooks said, "like the Lewis and Clark minds.". By the time I reached the end of Thinking, fast and slow, my skeptical frown had already given way to a smile of intellectual satisfaction. . . urges everyone to buy it and read it. But for those who are simply interested in Kahneman's conclusion on Malcolm Gladwell's question, it is this: If you've had 10,000 hours of training in a predictable, fast-feedback environment: chess, firefighting, anesthesiology, then blink. In all other cases, think.

Book Club Questions

About The Author of The Book Daniel Kahneman
Daniel Kahneman‎ (born 5 March 1934) is an Israeli-American psychologist and winner of the 2002 Nobel Memorial Prize in Economic Sciences, notable for his work on behavioral finance and hedonic psychology.

With Amos Tversky and others, Kahneman established a cognitive basis for common human errors using heuristics and biases (Kahneman & Tversky, 1973, Kahneman, Slovic & Tversky, 1982), and developed prospect theory (Kahneman & Tversky, 1979). He was awarded the 2002 Nobel Prize in Economics for his work in Prospect theory. Currently, he is professor emeritus of psychology at Princeton University's Department of Psychology.

 

Notice

Commenting only available for logged in users