Thinking, Fast and Slow
by Daniel Kahneman
ISBN 13: 978-0374533557
Book description

*Major New York Times Bestseller *More than 2.6 million copies sold *One of The New York Times Book Review's ten best books of the year *Selected by The Wall Street Journal as one of the best nonfiction books of the year *Presidential Medal of Freedom Recipient *Daniel Kahneman's work with Amos Tversky is the subject of Michael Lewis's best-selling The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow , Daniel Kahneman, world-famous 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 vacationā€•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 livesā€•and how we can use different techniques to guard against the mental glitches that often get us into trouble. Topping bestseller lists for almost ten years, Thinking, Fast and Slow is a contemporary classic, an essential book that has changed the lives of millions of readers.


Recommended on 2 episodes:

Predicting the Future Is Possible. ā€˜Superforecastersā€™ Know How.
Can we predict the future more accurately? Itā€™s a question we humans have grappled with since the dawn of civilization ā€” one that has massive implications for how we run our organizations, how we make policy decisions, and how we live our everyday lives. Itā€™s also the question that Philip Tetlock, a psychologist at the University of Pennsylvania and a co-author of ā€œSuperforecasting: The Art and Science of Prediction,ā€ has dedicated his career to answering. In 2011, he recruited and trained a team of ordinary citizens to compete in a forecasting tournament sponsored by the U.S. intelligence community. Participants were asked to place numerical probabilities from 0 to 100 percent on questions like ā€œWill North Korea launch a new multistage missile in the next yearā€ and ā€œIs Greece going to leave the eurozone in the next six months?ā€ Tetlockā€™s group of amateur forecasters would go head-to-head against teams of academics as well as career intelligence analysts, including those from the C.I.A., who had access to classified information that Tetlockā€™s team didnā€™t have. The results were shocking, even to Tetlock. His team won the competition by such a large margin that the government agency funding the competition decided to kick everyone else out, and just study Tetlockā€™s forecasters ā€” the best of whom were dubbed ā€œsuperforecastersā€ ā€” to see what intelligence experts might learn from them. So this conversation is about why some people, like Tetlockā€™s ā€œsuperforecasters,ā€ are so much better at predicting the future than everyone else ā€” and about the intellectual virtues, habits of mind, and ways of thinking that the rest of us can learn to become better forecasters ourselves. It also explores Tetlockā€™s famous finding that the average expert is roughly as accurate as ā€œa dart-throwing chimpanzeeā€ at predicting future events, the inverse correlation between a personā€™s fame and their ability to make accurate predictions, how superforecasters approach real-life questions like whether robots will replace white-collar workers, why government bureaucracies are often resistant to adopt the tools of superforecasting and more.
Philip Tetlock Dec. 3, 2021 4 books recommended
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by @zachbellay