Thinking, Fast and Slow

Kahneman won the Nobel Prize in Economics in two thousand two for work he did with his friend Amos Tversky. This book brings together decades of that research into one story.

A landmark book that will change how you think about your own decisions, held back by length, density and some research that has been questioned since. Four out of five. Read it if: you are curious about decisions, money or psychology; you enjoy puzzles that show your own mind at work; you are willing to read slowly. Skip it if: you want a quick, light read; you want a step-by-step self-help guide; you dislike dense, example-heavy chapters. Review: Thinking, Fast and Slow →

A summary of Thinking, Fast and Slow by Daniel Kahneman, part by part: two systems, anchoring, overconfidence, loss aversion and the two selves. Summary: Thinking, Fast and Slow →

Nudge by Richard H. Thaler and Cass R. Sunstein, Predictably Irrational by Dan Ariely, Misbehaving by Richard H. Thaler, The Black Swan by Nassim Nicholas Taleb, Noise by Daniel Kahneman, Olivier Sibony and Cass R. Sunstein, Blink by Malcolm Gladwell. Books like it: Thinking, Fast and Slow →

System 1 is the fast, automatic, intuitive mode of thinking. System 2 is the slow, effortful, logical mode. Kahneman argues that System 1 runs most of the time and is wrong in predictable ways.

A bat and ball cost $1.10 and the bat costs one dollar more than the ball. The intuitive answer is 10 cents, but the correct answer is 5 cents.

The core ideas on heuristics and loss aversion are widely used, but some findings in the book, especially on priming, have been challenged in replication efforts. This is the reviewer's summary, not a formal assessment.