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Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary [Paperback]

Instaread Summaries
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Book Description

4 April 2014

PLEASE NOTE: This is a summary of the book and NOT the original book. 
Thinking, Fast and Slow by Daniel Kahneman - A 30-minute Summary


Inside this Instaread Summary:

• Overview of the entire book
• Introduction to the important people in the book
• Summary and analysis of all the chapters in the book
• Key Takeaways of the book
• A Reader's Perspective


Preview of this summary:

 

Introduction

In this book Daniel Kahneman hopes to identify and understand errors of judgment and choice. He wants to provide a richer and more accurate vocabulary to discuss these errors. He worked with his colleague, Amos Tversky, doing research on intuitive statistics. The two of them had already concluded in an earlier seminar that their own intuitions were lacking. Their subjective judgments were biased, they were too willing to believe research findings based on inadequate evidence, and they collected too few observations in their own research. The goal of their study was to find out whether other researchers had this problem as well.

Kahneman and Tversky found that participants in their studies ignored the relevant statistical facts and relied exclusively on resemblance. They used resemblance as a heuristic (rule of thumb) to simplify things when making a difficult judgment. Relying on this heuristic caused predictable biases (systematic errors) in their predictions. The research partners learned that people tend to determine the importance of issues by how easy they are retrieved from their memory. This is brought about in large part by the extent of coverage of the issues in the media.

Kahneman presents a view of how the mind works, drawing on recent developments in cognitive and social psychology. He explains the differences between fast (intuitive) thinking and slow (deliberate) thinking. People have a limitation in their minds: an excessive confidence in what they think they know...

 


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Product details

  • Paperback: 74 pages
  • Publisher: CreateSpace Independent Publishing Platform (4 April 2014)
  • Language: English
  • ISBN-10: 1497559456
  • ISBN-13: 978-1497559455
  • Product Dimensions: 15.2 x 0.4 x 22.9 cm
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 103,808 in Books (See Top 100 in Books)

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With Instaread Summaries, you can get the summary of a book in 30 minutes or less. We read every chapter, summarize and analyze it for your convenience.

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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
3.0 out of 5 stars Does what is says 15 Sep 2014
Format:Paperback|Verified Purchase
Interesting concept but didn't quite hit the mark for me in terms of explaining the material. Having said that it did give me reasonal insight and I read it in one day on my short train journey to and from work, if anything it's worth buying for the satisfaction of that.
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Amazon.com: 4.4 out of 5 stars  16 reviews
6 of 6 people found the following review helpful
5.0 out of 5 stars A discussion on the error of our ways. 9 April 2014
By Christine - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Much is said about not making the same mistakes twice, how we should learn from them, and as long as we do we'll make better decisions the next time around.
I've always believed that to be true. I still do, for the most part, but reading the summary of Thinking, Fast and Slow caused me to dig a little deeper into the WHY we make mistakes. Especially when that little voice in our head chimed in during the decision-making process and said, "I think this is a stupid idea", and we did it anyway.

The reason, according to author Daniel Kahneman, is basically because we're lazy when it comes to deliberate thinking. For simplicity, he divides the brain into two parts and calls them "System 1" and "System 2". System 1 is intuitive and fast. System 2 is measured and slow. Can you guess which side gets us into the most trouble? You got it, System 1.

He gives a simple comparison. Looking at a photo is System 1; it's fast because we see what we want based on our experiences. Looking at a math problem is System 2; it's slow because it involves effort. System 1 and 2 are interactive, but System 1 is usually a greater influence.

Do not despair. As much trouble as Fast thinking causes, it is also responsible for the Fight or Flight instinct. So, it's been keeping us from extinction all these years. This, depending on who you ask, is a great thing.

I realize his explanation is all subjective and you can either call it nonsense or genius, but I will say I had many a Eureka moment when I was reading. It gave me a lot to think about (slowly) and I truly enjoyed it. I recommend for anyone wanting to learn more about how we process thoughts and ideas.
5 of 5 people found the following review helpful
5.0 out of 5 stars Great Book On Psychology! Very Well Explained Summary. 18 July 2014
By Barbara - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Being a huge fan of psychology, there're tones of books out there for me to read on this particular topic. Hence, I couldn't find much time to read Daniel Kahneman's 'Thinking Fast And Slow'. That was, of course, until I found this Instaread summary. The summary is very well explained and contains all the major details necessary for you to understand the basis of this brilliant work of non-fiction.

The book is about the brain and how it works. This is something that has always fascinated me. It talks about the two different mental processes in our brains - the impulsive one and the rational one. He talks about how the latter is always the best as it helps you slowly think through everything that's got to o with your problem. This is one of the best books on Psychology that I have ever come across.

This summary is perfect for people that have busy lives and are way too short on time to read the entire book. You won't be disappointed, guys! Recommended to any fan of Psychology, Psychiatry, or Neuro-Science. Very well written summary!
4 of 4 people found the following review helpful
5.0 out of 5 stars A fantastic summary! 11 April 2014
By Denny - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Fantastic summary read on how mind interacts with the world around! The fundamental occurrence between the "think fast brain" (which author calls System 1) and the "thinking slow brain" (called System 2) dictate how well we are able to make decisions at large. It helps lay down to understand how we are able to, or unable to, make decisions as they relate to specific topics such as finance, bias, regret, politics, happiness and more.
3 of 3 people found the following review helpful
5.0 out of 5 stars Fast Thinking or Slow Thinking? You Decide 10 April 2014
By Vania M. - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
I had been wanting to read Daniel Kahneman's book "Thinking, Fast and Slow" for a while but couldn't carve out the necessary time to give it my full attention. When I noticed the Instaread Summary of it I felt it was the perfect way to get the gist of it-and I was not disappointed. This was a truly brilliant, interesting read. Kahneman talks about how we essentially have two different mental processes which he calls system 1: the intuitive, fast mind and system 2: the slow, rational mind. He talks about how system 1 can often times be wrong because it tends to be more impulsive and sees what it wants to see and system 2 thinks much more carefully and slowly. However, he also describes how system 1 is responsible for the fight or flight response and serves an important purpose. Kahneman has many interesting conclusions about both systems; this was another great Instaread Summary.
2 of 2 people found the following review helpful
5.0 out of 5 stars good summary 10 April 2014
By Jayden Sanders - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Well written summary and a great opportunity to learn something new quickly! Interesting to know how our brains work and how they are hard-wired for shortcuts that require the near-instantaneous processing of a large amount of information. Often these ‘decisions’ (more like reactions) are right, but they can also be wrong, and the biases that are inherent in our decision making and our memories often give us a perception that does not match reality. I am going to buy a hardcover book as this is a collection material.
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