Tag: Thinking Fast and Slow book summary

Finance

Thinking, Fast and Slow by Daniel Kahneman

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Thinking, Fast and Slow is a book by Daniel Kahneman that looks at how humans think and make decisions. It is considered a classic in the field of psychology and has won the Nobel Prize for Economics. The book uses two systems of thought – System 1 is the fast, instinctive, emotional, and intuitive side of thinking, while System 2 is the slower, more analytical side.

Management

Thinking Fast and Slow by Daniel Kahneman

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When making decisions, we ought to take the time to think about other people’s perspectives. We can avoid falling victim to the groupthink fallacy in this way. This happens when people simply follow the herd’s opinion without giving a decision a critical examination.