Daniel Kahneman explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, deliberate, and logical. Kahneman exposes capabilities and the faults and biases of fast thinking and reveals the pervasive influence of intuitive impressions on our thoughts and behavior.
He explains the impact of loss aversion and overconfidence on corporate strategies; the difficulties of predicting what will make us happy in the future; the challenges of properly framing risks at work and at home; and the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation.
Engaging the listener 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.
To help you deeply understand the book, this audio summary offers:
- Chapter summaries, broken down by subsections
- Definitions and explanations of the terminology used
- Suggested further information of Kahneman's research