Thinking, Fast and Slow.

A tribute to Daniel Kahneman ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [Thinking, Fast and Slow.]( A tribute to Daniel Kahneman Mar 30   [READ IN APP](   Daniel Kahneman, a Nobel Prize-winning psychologist, revolutionized our understanding of judgment and decision-making. [Daniel Kahneman]( In his landmark book, ["Thinking, Fast and Slow,"]( he draws back the curtain on the two systems that drive our thinking. System 1 is our fast, intuitive, and automatic mode, while System 2 is slow, deliberate, and effortful. [Upgrade to paid]( Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance. Kahneman's decades of research, conducted alongside his collaborator Amos Tversky, forever altered the field of economics. They challenged the notion of humans as purely rational actors, instead highlighting the biases and mental shortcuts that frequently sway our decisions - an idea that defines pretty much why people do what they do (inspite of them saying something else) "Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed." His work led to more conversations around behavioral economics, a revolutionary field that merges the insights of psychology with the rigor of economic analysis. He died recently and today’s newsletter is a tribute to his work. [Thinking, Fast and Slow by Daniel Kahneman - Penguin Books Australia]( The Two Systems Our minds operate using two distinct systems. - System 1 is fast, intuitive, automatic, and largely unconscious. It effortlessly generates impressions, feelings, and inclinations. - System 2 is slow, deliberative, conscious, and effortful. It is responsible for reason and self-control. Heuristics: Mental Shortcuts This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution. Because System 2 is slow and effortful, we often rely on System 1's simpler approach in making judgments. ... Continue reading this post for free, courtesy of Ashish/NextBigWhat. Claim my free post [Or upgrade your subscription. Upgrade to paid]( A subscription gets you: Access to all posts (and archives) More than 25% discount (vs. monthly plan) Access to new experimental features and ideas   [Like]( [Comment]( [Restack](   © 2024 Zakti Techmedia Private Limited 677, HSR Layout, Bangalore-560102 [Unsubscribe]() [Get the app]( writing]()