The guru to the gurus at last shares his knowledge with the rest of us. Nobel laureate Daniel Kahneman's seminal studies in behavioral psychology, behavioral economics, and happiness studies have influenced numerous other authors, including Steven Pinker and Malcolm Gladwell. In Thinking, Fast and Slow, Kahneman at last offers his own, first book for the general public. It is a lucid and enlightening summary of his life's work. It will change the way you think about thinking.
Two systems drive the way we think and make choices, Kahneman explains: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent.
Kahneman's singularly influential work has transformed cognitive psychology and launched the new fields of behavioral economics and happiness studies. In this path-breaking book, Kahneman shows how the mind works, and offers practical and enlightening insights into how choices are made in both our business and personal lives - and how we can guard against the mental glitches that often get us into trouble.
“A tour de force. . . Kahneman’s book is a must read for anyone interested in either human behavior or investing. He clearly shows that while we like to think of ourselves as rational in our decision making, the truth is we are subject to many biases. At least being aware of them will give you a better chance of avoiding them, or at least making fewer of them.” (Larry Swedroe, CBS News)
“A major intellectual event . . . The work of Kahneman and Tversky was a crucial pivot point in the way we see ourselves.” (David Brooks, The New York Times)
“[Thinking, Fast and Slow] is wonderful, of course. To anyone with the slightest interest in the workings of his own mind, it is so rich and fascinating that any summary would seem absurd.” (Michael Lewis, Vanity Fair)
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Difficult Listen, but Probably a Great Read
A very large portion of the time when I am listening to audio books, I am working out or walking the dog. Unfortunately, this audio book is ill suited to those types of activities. The material is interesting and well presented, but frequently too abstract when you have to compensate for frequent minor distractions. It would be best listened to with the accompanying PDF in front of you and the rewind button easily at hand to review what the author has written when he presents examples. Despite the, the book is a good listen if you are interested in probability, statistics, economics, and psychology. I will very likely borrow a written copy of the book at some time in the future to review the sections that were just too difficult for me to fully understand in the audio format.
The key problem I found was that the author frequently presents several types of statistical comparisons at once and then asks the listener to compare them. This may be simple in a written format, but in a audible format it can be very difficult, especially without a rewind or stop button easily available. As in most technical books with a little bit of depth, one often needs a little time and review to fully understand the concepts an author is presenting. Saying that does not discredit the author, but means that the listener is going to have to spend a little more time, effort, and preparation to understand what the author is sharing with the listener. Again, listening to the book with the accompanying PDF in front of me and my finger on the index button would have likely made a huge difference in my experience.
- Mike Kircher "An obvious fool"
Good material - wrong format
This is a great book best experienced in another form. Many times the narrator refers to illustrations or figures that are available separately. The digital ebook or paper book version of this is probably a better way to experience this.