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Thinking, Fast And Slow Paperback – 2 Jul 2012
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Absorbing, intriguing...By making us aware of our minds' tricks, Kahneman hopes to inspire individuals and organisations to identify strategies to outwit them (Jenni Russell Sunday Times)
Profound . . . As Copernicus removed the Earth from the centre of the universe and Darwin knocked humans off their biological perch, Mr. Kahneman has shown that we are not the paragons of reason we assume ourselves to be (The Economist)
[Thinking, Fast and Slow] is wonderful, of course. To anyone with the slightest interest in the workings of his own mind, it is so rich and fascinating that any summary would seem absurd (Michael Lewis Vanity Fair)
It is an astonishingly rich book: lucid, profound, full of intellectual surprises and self-help value. It is consistently entertaining and frequently touching, especially when Kahneman is recounting his collaboration with Tversky . . . So impressive is its vision of flawed human reason that the New York Times columnist David Brooks recently declared that Kahneman and Tversky's work 'will be remembered hundreds of years from now,' and that it is 'a crucial pivot point in the way we see ourselves.' They are, Brooks said, 'like the Lewis and Clark of the mind' . . . By the time I got to the end of Thinking, Fast and Slow, my skeptical frown had long since given way to a grin of intellectual satisfaction. Appraising the book by the peak-end rule, I overconfidently urge everyone to buy and read it. But for those who are merely interested in Kahenman's takeaway on the Malcolm Gladwell question it is this: If you've had 10,000 hours of training in a predictable, rapid-feedback environment-chess, firefighting, anesthesiology-then blink. In all other cases, think (The New York Times Book Review)
[Kahneman's] disarmingly simple experiments have profoundly changed the way that we think about thinking . . . We like to see ourselves as a Promethean species, uniquely endowed with the gift of reason. But Mr. Kahneman's simple experiments reveal a very different mind, stuffed full of habits that, in most situations, lead us astray (Jonah Lehrer The Wall Street Journal)
This is a landmark book in social thought, in the same league as The Wealth of Nations by Adam Smith and The Interpretation of Dreams by Sigmund Freud (Nassim Nicholas Taleb, author of 'The Black Swan')
Daniel Kahneman is among the most influential psychologists in history and certainly the most important psychologist alive today...The appearance of Thinking, Fast and Slow is a major event (Steven Pinker, author of The Language Instinct)
Daniel Kahneman is one of the most original and interesting thinkers of our time. There may be no other person on the planet who better understands how and why we make the choices we make. In this absolutely amazing book, he shares a lifetime's worth of wisdom presented in a manner that is simple and engaging, but nonetheless stunningly profound. This book is a must read for anyone with a curious mind (Steven D. Levitt, co-author of 'Freakonomics')
This book is a tour de force by an intellectual giant; it is readable, wise, and deep. Buy it fast. Read it slowly and repeatedly. It will change the way you think, on the job, about the world, and in your own life (Richard Thaler, co-author of 'Nudge')
About the Author
From the Publisher
Thinking, Fast and Slow
Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast, intuitive thinking, and slow, rational thinking. This book reveals how our minds are tripped up by error and prejudice (even when we think we are being logical), and gives you practical techniques for slower, smarter thinking. It will enable to you make better decisions at work, at home, and in everything you do.
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This book has divided into 5 main topics, and discussed three different pairs of concepts. The first one is our thinking system, one is fast (denoted as system 1), another is slow (denoted as system 2). System 1 is just like our intuitive thinking, and system 2 is like deliberate thinking. Many of our irrational behaviors are caused by the fast response of system 1, together with the laziness of system 2.
The second pair is Humans and Econs, which Econ means the rational assumption assumed by classic economists, and Human means the actual human in the daily life. The Prospect Theory is used explained in what kinds of situation that humans do not behave like economists have predicted, and why.
The third pair is the experiencing self and remembering self. The feeling we experience during the events is very different than the the feelings in our memory, which sometimes cause decision making not as make sense and let us regret later.
Overall this book is full of insightful thoughts, with a lot of examples to explain the concepts. Daniel Kahneman did a great job on all these topics
Top international reviews
Why do we marry people just because they're good in bed?
Why do investors snatch small profits from winning investments whilst allowing large losses to build up in bad investments?
Why do parents deny their children life saving vaccinations for fear of unproven risks?
Why do we think a bird in the hand is worth two in a bush?
On the whole humans are incredibly good at making bad decisions because they allow emotions and moral values to prevail over good sense and simple mathematical calculation. We make snap decisions based on our intuition (fast thinking) and often believe our intuition is superior to logic (slow thinking). For example, President Trump recently said he preferred to listen to his 'gut' than his advisors.
Kahneman examines the reasons why we make bad decisions and indicates ways in which we might make better decisions - even if the better decisions make us feel uncomfortable because they are counterintuitive.
My only problem with this book is that it is so laborious in places that I almost lost interest. Sometimes Kahneman goes on and on about a proposition that has (at least for me) zero interest. If he asks 'How much would you pay for a bowl of roses valued at $59?' I don't have an answer because I'm simply not interested and I don't want to know how much anyone else would pay, or why they would or wouldn't pay it. Perhaps it's just me, but I found some of the propositions too complex to bother with. But to be fair there were some chapters that had me spellbound - maybe because they touched on areas where I make bad decisions.
Overall, this is an important book but spoiled by too much dense argument and irrelevant illustration. It could have contained all the salient points and been reduced to half the length without any dilution of the message.
Right side book published by FRS.
It's not an easy book to read so not one for the beach, but push through and there is a light at the end of the tunnel.
On a positive note, the author is an incredibly smart guy and it’s a great body of work that he’s created, and the overarching concept of the book (differences between system 1 and 2) is a concept that everyone should know about.
3.5 stars for me!
No doubt it is an amazing book on human psychology but seriously I wanna cut this book in two halves, praise the first part, and keep the second part in some corner to gather dust. Not that the second part is bad, mind you; the entire book is so well-written that it has an profound impact on my own worldview. But you just need to put focus on it to understand what Kahneman wants to say.
It is very much interesting in the Part I ,you just can't put the book down and then Part II and III are eqaully boring as well. Part IV and V are again good.
Kahneman takes us on a tour of our mind and explains the two systems that drive the way we think. He reveals where we can and cannot trust our intuitions. He offers insights into how choices are made in our lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble.
This book has given me a new perspective on the behaviors and judgments of the people around me.
I bought a 2nd copy to gift a friend from Alpha Retail and the quality was terrible. I suspect it was a pirated copy. The lines were misaligned, paper quality poor & stitching on spine visible. Wish I’d not picked this seller!
I normally read a book in a week or so, but I have taken more than 2 months to read this one because every concept he touches is so interesting that it seems almost silly not to reflect about it more deeply.
I liked Dan Ariely's books a lot (who, by the way, seems to have been somehow a disciple of Kahnemann), but they now seem to me somewhat "light-weight" compared to this book.
As a minor detail, the only thing missing for me is a a comprehensive summary of concepts explained. He touched on practically everything he has researched in his life (i.e. more than 50 years of fruitful research), so it is easy to forget one concept 3 chapters before. I would have loved to have a summary listing all the concepts described by theme or similar. Several times, I found myself going to places like Wikipedia to find just a list of the concepts he described. To be fair, his last chapter "Conclusions" gives a very broad summary of the book in about 10 pages, and then there is the list of contents at the beginning of the book, but an appendix with a summary table would have been helpful.
I found that some parts that involved math were maddeningly frustrating, with the author glossing over statistic calculations with summaries that made little sense. I felt like shouting "show your work" a number of times. And yes, I'm aware that some of it was pretty basic, but if you aren't versed in stats there is a good chance that, like me, the numbers will not make sense. And that means that the points that the numbers were supposed to illustrate do not land well.
There are brief illustrative statements at the end of each chapter that are intended to be everyday instances of concepts, but in a number of cases I ended up not that clear about them, and after a while, you just skim over them because they aren't always strong illustrations of what was just discussed.
A few times the author introduces a concept, names it, then changes the name or...geeze I dunno, I got lost many times, and from the context I know I was supposed to be retaining something key, but the way it is written it isn't that easy. The style is by turns engaging and then dives into dense instruction. The book structure wasn't really clear, and I think it was a bit eccentric, but that could be just me not getting it. By the end I know I didn't feel that the author wrote a general audience book.
I feel that if there had been an editor involved who wasn't a phd in economics or psychology there would have been some significant improvements in readability. I give it 3/5 stars because a few of the discussions were rewarding, but some were just university level gobbledygook.