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Thinking, Fast and Slow [Kindle Edition]

Daniel Kahneman
4.3 out of 5 stars  See all reviews (501 customer reviews)

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Book Description

Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology challenging the rational model of judgment and decision making, is one of the world's most important thinkers. His ideas have had a profound impact on many fields-including business, medicine, and politics-but until now, he has never brought together his many years of research in one book.



In Thinking, Fast and Slow, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think and make choices. One system is fast, intuitive, and emotional; the other is slower, more deliberative, and more logical. Kahneman exposes the extraordinary capabilities-and also the faults and biases-of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behaviour. The importance of properly framing risks, the effects of cognitive biases on how we view others, the dangers of prediction, the right ways to develop skills, the pros and cons of fear and optimism, the difference between our experience and memory of events, the real components of happiness-each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions.



Drawing on a lifetime's experimental experience, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our professional and our personal lives-and how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slow will transform the way you take decisions and experience the world.



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Review

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 )

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 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' )

Review

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 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 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'

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Most Helpful Customer Reviews
156 of 164 people found the following review helpful
By hfffoman TOP 500 REVIEWER
Format:Paperback|Vine Customer Review of Free Product (What's this?)
This book summarises the latest psychological research on human judgement, in particular how we think irrationally, jump to conclusions and fall prey to failures of intuition.

To give you a feel, here is an example from chapter 17. Have a look at this statement and see if you can guess why it might be true:

"Highly intelligent women tend to marry men who are less intelligent than they are"

Did you find a nice explanation? The book will show you why no explanation is necessary. It is a statistical necessity. It will also explain why it is very difficult to avoid believing spurious explanations and how pervasive and dangerous they can be.

That is just one tiny example. The book is absolutely packed with fascinating and thought provoking discussion of a wide range of similar topics. It is almost a must-read for anyone interested in human judgement or broader questions about how the mind works and one of very few books I keep on a special shelf for reading again.

There were a few things that niggled with me. I will mention these but please don't be put off. Even with the niggles it is an intelligent and valuable book.

The writing is clear and easy to understand. However it is a bit repetitive. After I got a feel for where the repetition was coming I often found myself skipping or skimming half a paragraph. Comparing this with Predictably Irrational by Dan Ariely, a book covering similar ground, Ariely's book gets its points across in a much punchier way and presents a similar amount of material in (I guess) half as many words.

The author gives other researchers credit where it is due but when talking about his own work I feel he overdoes his self-publicity.
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7 of 7 people found the following review helpful
5.0 out of 5 stars Thinking : brilliantly explained 3 July 2012
Format:Paperback
This is an extraordinary book. When you are recommended a book written by a nobel prize winner your heart either soars with expectation or sinks with anticipated disappointment. The book doesn't disappoint in the
depth of the content - but the lucidity of the exposition is a joy to read. Kanneman uses the metaphor of two systems in one brain to explain the difference between humans and the kind of people economists use as models of people and also the difference between the person in the moment - experiencing self - and the person who looks back on an experience - the remembering self. The book is utterly captivating but moreover is utterly convincing. This is probably the best behavioural economics/psychology book I have read and there are some very good ones about. If you only end up reading one economics book in your life then this is surely it.
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353 of 392 people found the following review helpful
3.0 out of 5 stars Thinking Well, Thinking Poorly 9 Feb. 2012
By M. D. Holley TOP 1000 REVIEWER
Format:Hardcover|Verified Purchase
You are at the cinema watching the latest film. Fifteen minutes before the end, the projector explodes and the screening is terminated prematurely. You feel that the experience was ruined. However, Daniel Kahneman knows better - he asserts that you are mistaken! Your own mind has deceived you. A combination of `duration neglect' and the `peak end rule' is responsible. You have difficulties distinguishing your memories from your experiences. He claims you found the experience blissful (despite having missed the end), no matter what you believe.

This is an example of one of the rather silly assertions which can be found towards the end of this 418 page book. There are quite a few equally foolish theories throughout the last 200 pages.

This is a book of two halves. The first half is absolutely inspirational. The writing style here is excellent. In order to illustrate his points, the author provides many exercises for the reader to perform. In doing these you conduct little experiments on your own brain, which will astonish you time and again by the obvious errors and self deceptions it keeps making. By page 200 I was feeling this was one of the very best books I have ever read. The material shows beyond doubt that the mind of the human is full of flaws, biases and delusions.

And then comes the second half. The writing becomes more turgid, the little exercises stop coming, and the lessons become more and more flaky, culminating in the example I give at the beginning. What went wrong?

Mr Kahneman points out that the human brain is biased towards finding coherence where there is none, and that we are susceptible to a frightening level of overconfidence. No where is this better illustrated than in the second half of his own book.
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2 of 2 people found the following review helpful
5.0 out of 5 stars What You See Is All That Is... 18 Dec. 2014
By cyman
Format:Paperback|Verified Purchase
Excellent book. Has really left me stumped. This is by no means light reading. It is a wonderful and enlightening voyage through the human mind and consciousness, topics which never fail to intrigue me. Overall Kahneman seems to have developed the System 1 and System 2 thought processes. I call system 1, originating creations or Primaries. System 2 I refer to a Secondaries. Secondaries are re-examinations of originating creations. They often change the way we think and perceive and although most of us tend to operate through a System 2 consciousness, it is far from foolproof as you will fast discover when reading this book.

At the time of writing this review I am still only half way through the book so I intend to return with a more thorough review in time. However the book invites the reader to assess your own thinking in clear and unambiguous language and is a superb introduction to self psychology or possibly spiritualistic examination. As Kahneman says WYSIATI - What You See Is All That Is. To appreciate the essence of WYSIATI you really need to read the book as it would take a book to explain it here. But once you grasp the essence that what we see tends to get reinterpreted by us with the assistance of outside forces (including System 2 thinking) such that we 'very often' ignore the reality with which we are faced and reinterpret a new reality which better suits our preferences. The book covers immense areas of daily life from assessments of news and people through to routine decision making and interactions. As an investor I originally bought this to help in assessing the financial markets. It is without doubt in my top 10 must reads for anyone interested in Investing, politics, human associations, theory, psychology, academia or indeed simply daily life routine.
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