★★★★★
Review
"Thinking Fast and Slow" is a book written by Nobel laureate Daniel Kahneman that explores the concept of dual-process theory, which suggests that there are two distinct ways in which the human brain processes information. The first, referred to as "System 1," is the fast, automatic, and unconscious way of thinking that allows us to make snap judgments and intuitive decisions. The second, "System 2," is the slower, more deliberate and conscious way of thinking that allows us to solve problems and make more reasoned decisions.
Throughout the book, Kahneman uses a variety of examples and experiments to illustrate how these two systems of thinking influence our decision-making processes and how they can lead to biases and errors in judgment (particularly when we rely on solely System 1 thinking). He also discusses the implications of these findings for fields such as economics, psychology, and public policy.
Usually, your System 1 thought processes are inexperienced and naïve. You should reduce your reliance on System 1. Also, you should improve your System 2 thinking over time so that it reinforces a better System 1 (so that you make better, more intuitive and faster decisions that you can trust). That is my key takeaway from the book.
Two Types of Systems:
Characteristics of System 1:
Fallacies (identified by Kahneman):