Ep 010 - Thinking Fast and Slow - Daniel Kahneman
Episode 10, Nov 16, 2021, 01:41 PM
What do confirmation bias, the halo effect, heuristics, prospect theory, duration neglect have in common?
Thinking Fast and Slow by Nobel laureate Daniel Kahneman examines our decision-making and the traps we fall into when trying to reach what we believe is a wise decision.
Kahneman says our behavior is determined by two different systems – one fast, and the other slow. The first is impulsive, automatic, intuitive and the second is thoughtful, deliberate, and calculating.
And the conflict between the two determines our decisions.
Thinking Fast and Slow by Nobel laureate Daniel Kahneman examines our decision-making and the traps we fall into when trying to reach what we believe is a wise decision.
Kahneman says our behavior is determined by two different systems – one fast, and the other slow. The first is impulsive, automatic, intuitive and the second is thoughtful, deliberate, and calculating.
And the conflict between the two determines our decisions.