Matt’s Reviews > Thinking, Fast and Slow > Status Update

Ch.36 Life Is A Story. Writers should consider that. The experiencing vs. the remembering self.

I'm slowly running out of steam while the author speeds up. The last few chapters weren't for me.

I've let this slide a bit, because I decided to read other books. Where was I? Oh yes, Decisions & Choices, and how we make them.

Prospect theory & loss aversion. Endowment effect, buyers, sellers & traders... All that stuff make my head spin. Guess, I'm not an economic.

End of Part 3. It's funny to read about the so called experts and how they fall for cognitive illusions over and over again.

"We cannot suppress the powerful intuition that what makes sense in hindsight today was predictable yesterday. The illusion that we understand the past fosters overconfidence in our ability to predict the future."
That doesn't surprise me, I knew it all along. ;-)

End of part 2. The last few chapters were hard to swallow. Will it get more complicated from here? I guess not: regression to the mean :-)

The Linda problem. I can hardly believe how intuition sometimes beats logic.

The law of small numbers, priming and anchoring. The latter one being interesting as well as unsettling to me.

End of part 1. Very interesting topics. Too bad I'm not a native English speaker. My System 1 is not working very well in English and System 2 is triggered way too often, like in the priming EAT SO_P / WASH SO_P thing (for which I developed a similar German version that worked quite well with some colleagues).