
Thinking, Fast and Slow
Psychology
Daniel Kahneman, PhD
Popular Quotes
30 in total- System 1 often overrides System 2, causing faulty judgments due to biases like anchoring and availability.
- Understanding these systems’ interaction is critical for mitigating errors in decision-making.
- Overconfidence arises from coherent but flawed narratives, ignoring luck or external factors.
- Invalid intuitive judgments persist even when contrary evidence is presented.
- The illusion of skill in financial markets and expert predictions.
- Entrepreneurs often convince themselves that their visions will materialize without considering past failures.
- The planning fallacy causes executives to underestimate the resources necessary for a project, often leading to budget overruns.
- The first piece of information biases future judgments, even when irrelevant.
- Decisions are influenced by how easily examples come to mind, leading to distortions from media coverage or vivid imagery.
- Decisions change based on whether options are framed as gains or losses.
Related Books
00:00/00:00