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Thinking, Fast and Slow

4.02 of 5 stars 4.02  ·  rating details  ·  81,251 ratings  ·  3,355 reviews
In the highly anticipated Thinking, Fast and Slow, Kahneman takes us on a groundbreaking 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 capabilities—and also the faults and biases—of fast thinking, and reveals t ...more
Hardcover, 499 pages
Published October 25th 2011 by Farrar, Straus and Giroux (first published 2010)
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Yulia Vorotyntseva 1. In fostering learning, rewards work better than punishments, but due to the regression to the mean, we have an illusion of the reverse effect. --…more1. In fostering learning, rewards work better than punishments, but due to the regression to the mean, we have an illusion of the reverse effect. -- very important for me, since I have to deal with teaching.

2. Risk-aversion (and loss aversion) leads to bad decision-making, and you should get rid of it (I realized it before, when found that just by switching to high-deductible policy and and making a health savings account instead, I can save a lot of money without any threat to my health)

3. The importance of metrics: to avoid framing effect, it is good to have some fixed metric in mind (say, in a year on average it will make me X bucks poorer/richer), and transfer the input parameters into this system when making a decision.(less)

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In the last few years I have had two books that took me FOREVER to get through. The first was Daniel Dennett's "Darwin's Dangerous Idea" and the second is Kahneman's "Thinking, Fast and Slow." What caused this? What do they have in common? Both books explain, in minute detail, simple concepts with immensely far-reaching implications, and both have been... after the slog... the most intellectually rewarding reading of my adult life.

Where to begin... I have a number of theories running around in
This is a fascinating book. Reading this book means not having to read so many others. For example, you could avoid having to read, Sway, Blink, Nudge and probably a dozen or so other books on Behavioural Economics. And the best part of it is that this is the guy (or, at least one half of the two guys) who came up with these ideas in the first place.

I was thinking that perhaps the best way to explain those other books would be to compare them to Monty Python. I want you to imagine something - s
If your objective is to implement what Mr. Kahneman has to say in real life and benefit from it, I should warn you, you will be sorely disappointed. Believe it or not, in my opinion, I believe Mr. Kahneman is telling you exactly that in this book - that whether you like it or not, your entire life is guided or may I say decided by two fundamental ideas and that there is very little you can do to change it, period.

Mr. Kahneman is probably the villain in every modern day spiritual guru's life, he
An unrelentingly tedious book that can be summed up as follows. We are irrationally prone to jump to conclusions based on rule-of-thumb shortcuts to actual reasoning, and in reliance on bad evidence, even though we have the capacity to think our way to better conclusions. But we're lazy, so we don't. We don't understand statistics, and if we did, we'd be more cautious in our judgments, and less prone to think highly of our own skill at judging probabilities and outcomes. Life not only is uncerta ...more
Jay Kamaladasa
Hands down, one of the best books in its genre.

The book is a lengthy, self-conscious and a challenging read but highly recommended if you're interested in why human beings behave the way they behave. It's given me so much 'oh snap, so that's why we're so dumb' moments that at this point I don't even want to admit I'm a human to any space-time traveling race that comes in collision of 21st century Earth.

Citing behavioral research studies, he's convinced me that human confidence is a measure of w
Apr 29, 2012 Laura rated it 4 of 5 stars
Recommended to Laura by: New York Times
Freeman “Dyson Sphere” Dyson wrote the New York Times review, which has me swooning right there. He was a particularly apt pick because Kahneman helped design the Israeli military screening and training systems back when the country was young, and Dyson at 20 years old cranked statistics for the British Bombing Command in its youth. He was part of a small group that figured out the bombers were wrong about what mattered to surviving night time raids over Germany, a thing only about a quarter of ...more
Jan Rice
Whew! Wrestled this one down to the ground. It's got so much in it; I've got all I can for now. I'm leaving it out in the living room for now, though--for refreshers.

The author's aim is to prove to us that we are not rational beings to the extent we think we are, that evolution has seen to that. And that being the case, the book outlines what we need to know so as not to mess up decisions like we have been doing--like we all do.

And he's made it accessible. He pulls you in. You will get your sha
Ben Babcock
I kind of want to cut this book in half, praise the first part, and stick the second part in some corner to gather dust. Not that the second part is bad, mind you; the entire book is well-written and obviously the product of someone who knows their field. There’s just a lot of it. Thinking, Fast and Slow is kind of like a guest who shows up to your party and then dazzles everyone with an impromptu, 15-minute oration on the geopolitical situation in South Ossetia; and, everyone applauds and turns ...more
Jeff Raymond
Jan 22, 2012 Jeff Raymond marked it as unfinished-reads
My issue with this book, which is one I've tossed aside after 60 pages, is not so much that it's poorly done or that it's hard to understand - in fact, the exact opposite is true.

The issue is that this book is simply more in depth about psychology and psychological processes than I truly have a short-term interest in. This is more the type of book you keep near your desk or bedside, read a 12 page chapter or so, and digest. This may be a book I need to own and do that with as opposed to tear thr
Nicholas Sparks
It's a fascinating study of the mind, how people make decisions, and how the decision-making process can be improved.
This book had me laughing and smiling, more than many a book described in its blurb as side-splittingly funny or something similar because I recognised the cognitive disillusions described in this book as my own and in any case I am the kind of person who if they fall into a good mood wonders if it's due to the pint and the pie that was eaten earlier.

In my case the preacher wasn't talking to the choir, but I had been to the church before and enjoyed the services. It doesn't set out to be a new b
This is an excellent book about how we think, written by a Nobel-prize-winning economist. Kahneman explains how two "systems" in the mind make decisions. "System 1" is the fast, intuitive aspect of the mind. "System 2" is the slower, logical and reasoning part of the mind. We generally make decisions quickly with the System 1, often because System 2 is simply--lazy. It takes effort to think things out rationally, and our rational minds are not always up to the job.

This book is a long, comprehen
In "Thinking, fast and slow" the Nobel laureate Danny Kahneman summarizes his life long work mostly done with his collegue (and Nobel corecipient) Amos Tversky in the field of cognitive psychology and decision making.

There has been an outcrop of books on this topic in the recent years (Ariely and Lehrer being the bigger names) and there is a significant overlap with similar books. However, for the seriously interested I'd recommend to start here. This is the original reference, the user manual f
Excellent book that should be of interest to those interested in Julian Jaynes's ideas on consciousness. This book could probably have been titled Thinking Non-Consciously and Consciously.
Mr. Kahneman, a Nobel Prize winner, explores the general subject of how and why we frequently make irrational decisions. We've all seen articles over the years on various aspects of this phenomenon, but I venture to say that never before have the various aspects and permutations been explored in this depth and specificity. Mr. Kahneman has spent much of his life researching the subject, and since the book includes both his research and that of others, it must stand as the definitive compendium ...more
Behavioural economics: A very rational explanation of why Humans are not rational beings. Which is NOT to say that we are irrational. Just not always terribly consistent. That’s OK.
A bit repetitive, parts of it were familiar from other books like Irrationality, and then there were parts that lost me completely, where even when I kicked my indolent system 2 into slovenly, grudging action, the sheer arithmetics of some examples just would not allow themselves to be beaten into submission, no matte
Harry Lane
This is a hard book. Not because the author is hard to read; on the contrary, he is clear, lucid and compelling. He uses a multitude of examples and cases to illustrate the points he makes. The difficulty is rather in us, the readers. Kahneman's thesis, abundantly supported, is that all of us operate on two levels. Anyone who is at all familiar with psychology and research into the brain knows about our "lizard brain." Kahneman shows how this part of our makeup operates at a level far beyond the ...more
Jud Barry
I've long wondered about the "rational man" of economic theory and have wondered if there was some kind of drug I could take that would enable me to be that person. And what did it mean that I--fully aware of my emotion-based spending (or, more likely, not spending) decisions--seemed, as a Prius owner, to be much more rational than the majority of American car buyers with their acceptance of insanely low mpg's?

Having read this book, I now believe that the rational man of economic theory needs to
Okay, yeah, this has to go on the to-be-read shelf. And the over-stuffed cognition shelf. Hey, at least I was reading Kahneman before he won that Nobel Prize, before he got really popular. But I have to admit I never actually finished his Judgment under Uncertainty: Heuristics and Biases — it was due back at the library when I was only halfway through. That is a slow, engrossing grind of an academic tome, though.

All the reviews have been glowing. Kahneman is golden, of course —he's ascended into
What a monstrous chore to read! I've been working on this book since September or August (4-6 months) and just could not take reading it for more than a few minutes at a time. Many times did it put me to sleep.

The book covered a lot of great material and really fascinating research, but oftentimes in such plodding, pedantic, meticulous detail as to nearly obfuscate the point. I have heard of the majority of the research (or at least their conclusions) as well, so while I thought it offered exce
Kahneman is a brilliant thinker who's small experiments cracked the foundations of neo-classical/rational choice theory. His collections like Choices, Values and Frames are terrific reading, full of extraordinarily disorienting observations of actual human behavior.

That said, this book was a bit of a disappointment. In this book, Kahneman weaves together a series of ideas based on his experiments and the experiments of like-minded researchers, and the effect is underwhelming. Gone is the carefu
I feel this book richly deserves its status. Kahneman has handed over the rich & surprising fruits of a lifetime of creative thought and research, in a well-organised book free of academiese (hurrah!) He also makes the material interactive by inviting us to do little mental activities to illustrate his simple study methods and assist the delight of recognition that makes this such an enjoyable read.

One of his goals is to provide ways to talk about and tackle some everyday problems by conside
A long book that requires real mental exertion, Thinking, Fast and Slow is a worthwhile read by Nobel laureate Daniel Kahneman. It delves into the two complex systems of the mind. System 1 is impulsive, emotional, and often led astray, while System 2 is rational, thoughtful, and takes more time to makes decisions. He analyzes how humans use (and sometimes fail to use) both systems, and the resulting implications on topics ranging from how we perceive happiness to behavioral economics.

Thinking, F
When I picked up this book I had huge expectations. After all, Daniel Kahneman was praised by people like Malcolm Gladwell, Naseem Nicholas Taleb, Michael Lewis, all of whom I respect a lot. Of course, he is also a Nobel prize winner in economics.

I see good amount of books out there on the topic of Behavioral Science/Psychology and one such book that I had read recently was Blink by Malcolm Gladwell. I felt Blink was very straightforward but a bit too simplistic for my liking. Thinking, Fast an
I haven't felt so stimulated to re-think my thinking ever since I encountered Edward de Bono's books a dozen years ago.

A text like this is especially instructive when you consider yourself an "outside-the-norm" person; it comes and beats you with a vengeance, time and again, as you try the mental problems inside for yourself--and fail and fail and fail. A lesson in humility, indeed. :)

I was particularly happy to find out:

- why a single quarrel can ruin a friendship of many years

- what is the ra
t admitted a bit of doubt when I first started this - the very concepts of Thinking, Fast and Slow, are evident to the student who has had Psych 101 - there are two basic modes of thinking. Automatic processing, which is described as System 1, which is easy, non-attentive, intuitive thinking, and controlled processing, or System 2 - the 'attentive', reasoned, detail-oriented part of the mind. There are also some basic principles, such as heuristics ('shortcuts' of thinking, and biases.

Yet this
I'm trying to be more conservative with my 5-star ratings but if anything deserves five it's this.

I've been familiar with the research of Kahneman and his late colleague Amos Tversky for several years now. Their work, while officially psychology, has applications to economics, policy making, and most any field or endeavour requiring humans to make decisions.

The premise is simple: you, as a human being, aren't a rational thinker. Instead, you operate with two "modes" of thought -- which Kahneman
Dec 09, 2013 Nikolay rated it 5 of 5 stars
Recommends it for: Vasil Kolev
Never has a book become more deeply ingrained in my daily life for such a short time. Every day, since the moment I started reading Thinking, Fast and Slow, I have either referenced it in a conversation or have noticed a situation, explained in the book.

Thinking, Fast and Slow contains all the psychological wisdom the Nobel laureate Daniel Kahneman has gathered through the years. He’s almost 80 years old, this makes for a lot of wisdom.

The goal of the book is to give us names to the most common
Luke Marsden
If you are an aspiring magician, con-artist, advertiser or politician, this book is for you. If you want to avoid ever being gulled or shanghai-ed by a magician, con-artist, advertiser or politician, this book is for you!

Daniel Kahnemann, for the purposes of Thinking, Fast and Slow, reduces the brain to System 1 and System 2 - essentially the automatic brain and the voluntary brain. It is a great over-simplification, as he himself concedes - more so, even, than the common reduction to id, ego an
After an initial entry description, this book is basically a catalogue of findings in behavioral economics. I appreciated the fact that it skipped many of the obligatory filler stories that most science writers use to turn articles into books, and I found the book very well edited, with a clear organization by theme and subtheme. That said, if you read Scientific American or any other popular publication, you won't find anything new here.

What strikes me as interesting about the book (and behavio
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  • Everything is Obvious: Once You Know the Answer
  • The Stuff of Thought: Language as a Window into Human Nature
  • Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts
  • This Will Make You Smarter: New Scientific Concepts to Improve Your Thinking
  • The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
  • Strangers to Ourselves - Discovering the Adaptive Unconscious
  • Intuition Pumps And Other Tools for Thinking
  • The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust
  • Adapt: Why Success Always Starts with Failure
  • The Moral Animal: Why We Are the Way We Are: The New Science of Evolutionary Psychology
  • Descartes' Error: Emotion, Reason and the Human Brain
  • Thinking and Deciding
  • Sources of Power: How People Make Decisions
  • Who's in Charge? Free Will and the Science of the Brain
  • Where Good Ideas Come From: The Natural History of Innovation
  • The Invisible Gorilla: And Other Ways Our Intuitions Deceive Us
  • Your Brain at Work: Strategies for Overcoming Distraction, Regaining Focus, and Working Smarter All Day Long
  • On Being Certain: Believing You Are Right Even When You're Not
From Wikipedia:

Daniel Kahneman (Hebrew: דניאל כהנמן (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
More about Daniel Kahneman...
Judgment Under Uncertainty: Heuristics and Biases Choices, Values, and Frames Attention And Effort Well-Being: Foundations of Hedonic Psychology Economia Della Felicità

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“A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.” 187 likes
“Nothing in life is as important as you think it is, while you are thinking about it” 104 likes
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