Thinking, Fast and Slow

by Daniel Kahneman

freedom has a cost, which is borne by individuals who make bad choices, and by a society that feels obligated to help them.

System 1 is indeed the origin of much that we do wrong, but it is also the origin of most of what we do right—which is most of what we do.

A marker of skilled performance is the ability to deal with vast amounts of information swiftly and efficiently.

The voice of reason may be much fainter than the loud and clear voice of an erroneous intuition, and questioning your intuitions is unpleasant when you face the stress of a big decision. More doubt is the last thing you want when you are in trouble.

Whatever else it produces, an organization is a factory that manufactures judgments and decisions. Every factory must have ways to ensure the quality of its products in the initial design, in fabrication, and in final inspections. The corresponding stages in the production of decisions are the framing of the problem that is to be solved, the collection of relevant information leading to a decision, and reflection and review.