Why did I love this book?
Warning: This is a great book but not an easy read! Professor Kahneman taught psychology to Ph.D students at Princeton. His research work got him the Economic Nobel prize in 2002 to discover that the brain of homo sapiens contains two brains: the fast (but limited if not stupid) system 1 or the primal brain, the slow (but smart) system 2 or the rational brain.
His research states that “System 1 still rules today”. According to Kahneman, "Probably Approximately Correct" is the driving norm of human decision-making. His work lead to the development of a new scientific branch called “behavioral economics” or “neuro-economics. His book teaches profound lessons for anybody in business, sales, marketing, parenting, education, etc. It is a fascinating but complex (at times very complex if not irritating) book you will love or hate. You’ve been warned!
47 authors picked Thinking, Fast and Slow as one of their favorite books, and they share why you should read it.
The phenomenal international bestseller - 2 million copies sold - that will change the way you make decisions
'A lifetime's worth of wisdom' Steven D. Levitt, co-author of Freakonomics
'There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Thinking, Fast and Slow' Financial Times
Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast,…