Book Review: Thinking, Fast and Slow by Daniel Kahneman: A compelling exploration of human thought processes

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Thinking, Fast and Slow, by the Nobel Prize-winning economist Daniel Kahneman, explores the fallacies that can impair human decision-making and the biases that may lead us to act in an irrational way. Kahneman posits that the human mind is governed by two systems of thought, which we lean on in different circumstances, and that our perception can be shaped by a host of outside influences. Thinking, Fast and Slow is an acclaimed international bestseller, with over one and a half million copies sold to date and glowing reviews from outlets including The Economist, The New York Times and The Wall Street Journal. Along with Amos Tversky, Kahneman has carried out pioneering work on human decision-making, and his collaboration with the Nobel Prize-winning economist Richard Thaler has played a key role in the development of the burgeoning field of behavioural economics.

This book review and analysis is perfect for: 
• Students of psychology
• Anyone who wants to understand how we really make decisions
• Anyone with an interest in the principles behind human thought processes

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The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.

• Language: English
• Publisher: 50Minutes.com
• Release date: May 20, 2019
• ISBN: 9782808019934

Book preview

THINKING, FAST AND SLOW

A BOOK ABOUT THE FALLACIES THAT CAN IMPAIR HUMAN DECISION-MAKING

Starting back in the 1970s, Daniel Kahneman and his long-time collaborator Amos Tversky upended conventional wisdom by digging deep into the (flawed) mechanisms humans use to make decisions. 40 years later, these insights are brought together in Thinking, Fast and Slow with the aim of bringing them to a broader audience than has been the case so far.

Identifying two different systems of thought (simply named System 1 and System 2, aka Fast and Slow), the book clarifies the source of these mechanisms and the conditions in which they can occur. The middle chapters delve deeper into some of the specific mechanisms identified in Kahneman and Tversky’s papers from the 1970s and how they remain relevant for discussions today.

The book is the crowning achievement of four decades of research into human decision-making by Daniel Kahneman, and it is spearheading a still increasing wave of research on the topics included in the book.

KEY INFORMATION

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