Thinking, Fast and Slow - by Daniel Kahneman

This book is the bible of human behavioural psychology. Author Daniel Kahneman won the 2002 Nobel Prize due to his work on Prospect Theory, a big part of this book. The book is so dense we'll need to cover it over two episodes.

This week we will learn about:

System 1 - which operates automatically and efficiently,

System 2 - which allocates attention to effortful activities.

And - that our brain has limited resources making us irrational, and prone to biases such as:

• the law of small numbers

• anchors

• availability

• base rate neglect

• Linda effect

• regression to the mean.

Thinking Fast and Slow features highly in our top 50, for the full list download for free at: www.whatyouwilllearn.com/top50

Grab a copy of the book here: https://www.bookdepository.com/Thinking--Fast-and-Slow/9780141033570/?a_aid=adamsbooks