Thinking, Fast and Slow

Author: Daniel Kahneman

Publisher: Farrar, Straus and Giroux

ISBN: 1429969350

Category: Psychology

Page: 512

View: 9954

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Major New York Times bestseller Winner of the National Academy of Sciences Best Book Award in 2012 Selected by the New York Times Book Review as one of the ten best books of 2011 A Globe and Mail Best Books of the Year 2011 Title One of The Economist's 2011 Books of the Year One of The Wall Street Journal's Best Nonfiction Books of the Year 2011 2013 Presidential Medal of Freedom Recipient Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds In the international bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, 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 business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.


Thinking, Fast and Slow... in 30 Minutes

A 30 Minute Expert Summary

Author: 30 Minute Expert Summary Staff

Publisher: N.A

ISBN: 9781623150600

Category:

Page: 42

View: 5449

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Decisions: You make hundreds every day, but do you really know how they are made? When can you trust fast, intuitive judgment, and when is it biased? How can you transform your thinking to help avoid overconfidence and become a better decision maker? Thinking, Fast and Slow ...in 30 Minutes is the essential guide to quickly understanding the fundamental components of decision making outlined in Daniel Kahneman's bestselling book, Thinking, Fast and Slow. Understand the key ideas behind Thinking, Fast and Slow in a fraction of the time: Concise chapter-by-chapter synopses Essential insights and takeaways highlighted Illustrative case studies demonstrate Kahneman's groundbreaking research in behavioral economics In Thinking, Fast and Slow, Daniel Kahneman, best-selling author and recipient of the Nobel Prize in Economics, has compiled his many years of groundbreaking research to offer practical knowledge and insights into how people's minds make decisions. Challenging the standard model of judgment, Kahneman aims to enhance the everyday language about thinking to more accurately discuss, diagnose, and reduce poor judgment. Thought, Kahneman explains, has two distinct systems: the fast and intuitive System 1, and the slow and effortful System 2. Intuitive decision making is often effective, but in Thinking, Fast and Slow Kahneman highlights situations in which it is unreliable-when decisions require predicting the future and assessing risks. Presenting a framework for how these two systems impact the mind, Thinking, Fast and Slow reveals the far-reaching impact of cognitive biases-from creating public policy to playing the stock market to increasing personal happiness-and provides tools for applying behavioral economics toward better decision making. A 30 Minute Expert Summary of Thinking, Fast and Slow Designed for those whose desire to learn exceeds the time they have available, the Thinking, Fast and Slow expert summary helps readers quickly and easily become experts ...in 30 minutes.

Summary and Analysis of Thinking, Fast and Slow

Based on the Book by Daniel Kahneman

Author: Worth Books

Publisher: Open Road Media

ISBN: 1504043715

Category: Study Aids

Page: 30

View: 9640

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So much to read, so little time? This brief overview of Thinking, Fast and Slow tells you what you need to know—before or after you read Daniel Kahneman’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary of Thinking, Fast and Slow by Daniel Kahneman includes: Historical context Part-by-part summaries Detailed timeline of key events Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the source work About Thinking, Fast and Slow by Daniel Kahneman: Nobel Prize–winning psychologist Daniel Kahneman explores the mysteries of intuition, judgment, bias, and logic in the international bestseller Thinking, Fast and Slow. His award-winning book explains the different ways people think, whether they’re deciding how to invest their money or how to make friends. Kahneman’s experiments in behavioral economics, in collaboration with cognitive psychologist Amos Tversky, led to a theory of two systems of thought: the fast thinking used when ducking a blow, and slow thinking that’s better employed for making major life decisions. Applying these psychological concepts to different facets of our lives, Kahneman demonstrates how to better understand your own decision-making, and the choices made by others. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to great work of nonfiction.

Summary of Thinking, Fast and Slow

Key Ideas in 1 Hour Or Less

Author: Daniel Kahneman,Millionaire Mind Publishing

Publisher: N.A

ISBN: 9781545514580

Category:

Page: 76

View: 1863

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The #1 best-selling summary of Thinking, Fast and Slow by Daniel Kahneman. Learn how to apply the main ideas and principles from the original book in a quick, easy read! This is the summarized version of Daniel Kahneman's international bestseller, "Thinking, Fast and Slow", in which the author reveals how the mind works and the two systems that drive the way we think. System 1 is fast, emotional, and intuitive; conversely, System 2 is slower, logical, and deliberative. Kahneman exposes the exceptional capabilities-as well as the faults and biases-of fast thinking; he explains how intuition affects our thoughts and behavior, how we can tap into the benefits of slow thinking, and what techniques we can use to protect ourselves against the mental glitches that often get us into trouble. By the end of this book, you should have a better understanding of how the mind works and how it actually "deceives" you. You can use this information for self-analysis and self-improvement. Alternatively, you can use it to understand the actions and behaviors of others. In any case, "Thinking, Fast and Slow" will surely transform the way you think about thinking. If you are looking for a comprehensive reference about psychology and behavioral economics, this is the right book for you. This summary highlights key ideas and captures important lessons found in the original book. Unessential information has been removed to save the reader time. If you've already read the original, this summary will serve as a reminder of main ideas and key concepts. If you haven't, don't worry, here you will find every bit of practical information without having to use so much time to read the original book. (Note: this summary is written and published by Millionaire Mind Publishing. It is not the original book and not written by the original author.) Take action and get this Kindle book right now!

Summary of Thinking, Fast and Slow by Daniel Kahneman

Author: Project Inspiration

Publisher: N.A

ISBN: 9781533436412

Category:

Page: 46

View: 7927

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Summary & Analysis of The War of Art by Steven Pressfield Preview: In his book Thinking Fast and Slow, Daniel Kahneman looks at and explains the choices and errors in judgment people make over a span of time. He presents the key findings of his research on intuitive statistics. Both Kahneman and his colleague and close friend Amos Tversky find that human intuition was lacking–judgments are biased and people are willing to believe in inadequate evidence based on few observations. The Value This Project Inspiration Summary: Overview of The Entire BookUnderstand the Key Take Aways and LessonsGet in Depth Analysis Save A lot of TimePLEASE NOTE This is a Summary and analysis of the book and NOT the original book. What is Project Inspiration? As the founder of Project Inspiration my goal is to create a platform to allow people to truly fulfil their life’s ambitions and goals. I have a vision of helping people get to a place of true satisfaction and contentment. Project Inspiration is a multi-faceted platform were the tools of success will be readily available for you. I have made it my mission to simplify the works of the best leading minds in self-improvement, spirituality, health and wellness, business, entrepreneurship all through affordable book summaries. Also by purchasing my product you are not only helping your own success but also giving back to the world directly. 10% of the proceedings of all Project Inspiration books will go to two different charities that help children become innovative and creative thinkers. These charities allow children to think outside the box and get an education beyond the basic math and science and form their minds in a unique way which down the road will help create amazing innovators that will improve the future of world. ↓ ↓ ↓ ↓ If you are ready… Scroll up, grab this book, and take the first steps to improving your life Now!


The Undoing Project: A Friendship That Changed Our Minds

Author: Michael Lewis

Publisher: W. W. Norton & Company

ISBN: 0393254607

Category: Science

Page: 320

View: 8472

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“Brilliant. . . . Lewis has given us a spectacular account of two great men who faced up to uncertainty and the limits of human reason.” —William Easterly, Wall Street Journal Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. In The Undoing Project, Lewis shows how their Nobel Prize–winning theory of the mind altered our perception of reality.

Heuristics and Biases

The Psychology of Intuitive Judgment

Author: Thomas Gilovich,Dale Griffin,Daniel Kahneman

Publisher: Cambridge University Press

ISBN: 9780521796798

Category: Psychology

Page: 857

View: 5074

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Is our case strong enough to go to trial? Will interest rates go up? Can I trust this person? Such questions - and the judgments required to answer them - are woven into the fabric of everyday experience. This book, first published in 2002, examines how people make such judgments. The study of human judgment was transformed in the 1970s, when Kahneman and Tversky introduced their 'heuristics and biases' approach and challenged the dominance of strictly rational models. Their work highlighted the reflexive mental operations used to make complex problems manageable and illuminated how the same processes can lead to both accurate and dangerously flawed judgments. The heuristics and biases framework generated a torrent of influential research in psychology - research that reverberated widely and affected scholarship in economics, law, medicine, management, and political science. This book compiles the most influential research in the heuristics and biases tradition since the initial collection of 1982 (by Kahneman, Slovic, and Tversky).

Antifragile

Things that Gain from Disorder

Author: Nassim Nicholas Taleb

Publisher: Random House Incorporated

ISBN: 0812979680

Category: Business & Economics

Page: 519

View: 3509

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Shares insights into how adversity can bring out the best in individuals and communities, drawing on multiple disciplines to consider such topics as the superiority of city states over nation states and the drawbacks of debt.

Priceless

The Myth of Fair Value (and How to Take Advantage of It)

Author: William Poundstone

Publisher: Hill and Wang

ISBN: 9781429943932

Category: Business & Economics

Page: 352

View: 9878

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Prada stores carry a few obscenely expensive items in order to boost sales for everything else (which look like bargains in comparison). People used to download music for free, then Steve Jobs convinced them to pay. How? By charging 99 cents. That price has a hypnotic effect: the profit margin of the 99 Cents Only store is twice that of Wal-Mart. Why do text messages cost money, while e-mails are free? Why do jars of peanut butter keep getting smaller in order to keep the price the "same"? The answer is simple: prices are a collective hallucination. In Priceless, the bestselling author William Poundstone reveals the hidden psychology of value. In psychological experiments, people are unable to estimate "fair" prices accurately and are strongly influenced by the unconscious, irrational, and politically incorrect. It hasn't taken long for marketers to apply these findings. "Price consultants" advise retailers on how to convince consumers to pay more for less, and negotiation coaches offer similar advice for businesspeople cutting deals. The new psychology of price dictates the design of price tags, menus, rebates, "sale" ads, cell phone plans, supermarket aisles, real estate offers, wage packages, tort demands, and corporate buyouts. Prices are the most pervasive hidden persuaders of all. Rooted in the emerging field of behavioral decision theory, Priceless should prove indispensable to anyone who negotiates.

The Marshmallow Test

Mastering Self-Control

Author: Walter Mischel

Publisher: Little, Brown Spark

ISBN: 0316230855

Category: Psychology

Page: 336

View: 5511

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Renowned psychologist Walter Mischel, designer of the famous Marshmallow Test, explains what self-control is and how to master it. A child is presented with a marshmallow and given a choice: Eat this one now, or wait and enjoy two later. What will she do? And what are the implications for her behavior later in life? The world's leading expert on self-control, Walter Mischel has proven that the ability to delay gratification is critical for a successful life, predicting higher SAT scores, better social and cognitive functioning, a healthier lifestyle and a greater sense of self-worth. But is willpower prewired, or can it be taught? In The Marshmallow Test, Mischel explains how self-control can be mastered and applied to challenges in everyday life--from weight control to quitting smoking, overcoming heartbreak, making major decisions, and planning for retirement. With profound implications for the choices we make in parenting, education, public policy and self-care, The Marshmallow Test will change the way you think about who we are and what we can be.

Scarcity

Why Having Too Little Means So Much

Author: Sendhil Mullainathan,Eldar Shafir

Publisher: Macmillan

ISBN: 0805092641

Category: Business & Economics

Page: 288

View: 7254

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Based on cutting-edge research from behavioral science and economics, this eye-opening examination of how scarcity affects our daily lives reveals how individuals and organizations can better manage scarcity for greater satisfaction and success.

Choices, Values, and Frames

Author: Daniel Kahneman,Amos Tversky

Publisher: Cambridge University Press

ISBN: 1107651069

Category: Psychology

Page: 848

View: 5494

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This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.

The Art of Thinking Clearly

Author: Rolf Dobelli

Publisher: Harper Collins

ISBN: 0062359800

Category: Psychology

Page: 384

View: 5297

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Have you ever . . . Invested time in something that, in hindsight, just wasn't worth it? Paid too much in an eBay auction? Continued to do something you knew was bad for you? Sold stocks too late, or too early? Taken credit for success, but blamed failure on external circumstances? Backed the wrong horse? These are examples of what the author calls cognitive biases, simple errors all of us make in day-to-day thinking. But by knowing what they are and how to identify them, we can avoid them and make better choices: whether in dealing with personal problems or business negotiations, trying to save money or earn profits, or merely working out what we really want in life—and strategizing the best way to get it. Already an international bestseller, The Art of Thinking Clearly distills cutting-edge research from behavioral economics, psychology, and neuroscience into a clever, practical guide for anyone who's ever wanted to be wiser and make better decisions. A novelist, thinker, and entrepreneur, Rolf Dobelli deftly shows that in order to lead happier, more prosperous lives, we don't need extra cunning, new ideas, shiny gadgets, or more frantic hyperactivity—all we need is less irrationality. Simple, clear, and always surprising, this indispensable book will change the way you think and transform your decision making—at work, at home, every day. From why you shouldn't accept a free drink to why you should walk out of a movie you don't like, from why it's so hard to predict the future to why you shouldn't watch the news, The Art of Thinking Clearly helps solve the puzzle of human reasoning.

Misbehaving: The Making of Behavioral Economics

Author: Richard H. Thaler

Publisher: W. W. Norton & Company

ISBN: 0393246779

Category: Business & Economics

Page: 336

View: 1708

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Get ready to change the way you think about economics. Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award

An Introduction to Behavioral Economics

Author: Nick Wilkinson,Matthias Klaes

Publisher: Macmillan International Higher Education

ISBN: 1137524138

Category: Business & Economics

Page: 584

View: 1097

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The third edition of this successful textbook introduces students to behavioral economics. It offers a critical examination of the latest literature, research, developments and debates in the field by discussing topics such as evolutionary psychology and neuroscience. Contains a wealth of case studies, examples and review questions.

Nudge

Improving Decisions About Health, Wealth, and Happiness

Author: Richard H. Thaler,Cass R. Sunstein

Publisher: Penguin

ISBN: 1101655097

Category: Business & Economics

Page: 320

View: 9439

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From the winner of the 2017 Nobel Prize in Economics, Richard H. Thaler, and Cass R. Sunstein: a revelatory look at how we make decisions—for fans of Malcolm Gladwell’s Blink and Daniel Kahneman’s Thinking Fast and Slow New York Times bestseller Named a Best Book of the Year by The Economist and the Financial Times Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H. Thaler and Harvard Law School professor Cass R. Sunstein show that no choice is ever presented to us in a neutral way, and that we are all susceptible to biases that can lead us to make bad decisions. But by knowing how people think, we can use sensible “choice architecture” to nudge people toward the best decisions for ourselves, our families, and our society, without restricting our freedom of choice. More than 750,000 copies sold

Drive

The Surprising Truth About What Motivates Us

Author: Daniel H. Pink

Publisher: Penguin

ISBN: 9781101524381

Category: Business & Economics

Page: 272

View: 8466

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Forget everything you thought you knew about how to motivate people—at work, at school, at home. It's wrong. As Daniel H. Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others) explains in his paradigm-shattering book Drive, the secret to high performance and satisfaction in today's world is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does—and how that affects every aspect of our lives. He demonstrates that while the old-fashioned carrot-and-stick approach worked successfully in the 20th century, it's precisely the wrong way to motivate people for today's challenges. In Drive, he reveals the three elements of true motivation: *Autonomy—the desire to direct our own lives *Mastery—the urge to get better and better at something that matters *Purpose—the yearning to do what we do in the service of something larger than ourselves Along the way, he takes us to companies that are enlisting new approaches to motivation and introduces us to the scientists and entrepreneurs who are pointing a bold way forward. Drive is bursting with big ideas—the rare book that will change how you think and transform how you live.

Get Smart!

How to Think and Act Like the Most Successful and Highest-Paid People in Every Field

Author: Brian Tracy

Publisher: Penguin

ISBN: 0399183809

Category: Self-Help

Page: 224

View: 3485

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Discover the secrets for how to think and act like the most successful people in the world and reap the rewards! In today’s constantly changing world, you have to be smart to get ahead. But the average person uses only about two percent of their mental ability. How can we learn to unleash our brain’s full potential to maximize our opportunities, like the most successful people do? In Get Smart!, acclaimed success expert and bestselling author Brian Tracy reveals simple, proven ways to tap into our natural thinking talents and abilities and make quantum leaps toward achieving our dreams. In this indispensable guide, you’ll learn to: · Train your brain to think in ways that create successful results · Recognize and exploit growth opportunities in any situation · Identify and eliminate negative patterns holding you back · Plan, act, and achieve goals with greater precision and speed Whether you want to increase sales, bolster creativity, or better navigate life’s unexpected changes, Get Smart! will help you tap into your powerful mental resources to obtain the results you want and reap the rewards successful people enjoy.