Goldmine Reads

This book summary and analysis was created for individuals who want to extract the essential contents and are too busy to go through the full version. This book is not intended to replace the original book. Instead, we highly encourage you to buy the full version.

Renowned psychologist and winner of the Nobel Prize in Economics Daniel Kahneman shows us how the mind has two systems that drive how we think. In Thinking, Fast and Slow, the first system—System 1—is the fast, intuitive, and emotional system while the second system—System 2—is the slower, more deliberate, and logical system. Kahneman shows the impact of overconfidence in making decisions, the difficulties of predicting happiness in the future, and the profound effect of having cognitive biases. These can be understood based on how the two systems control our judgments and decisions.

Kahneman shows us when our intuitions can be helpful and when it can’t as well as how we can get the benefits of slow thinking. He gives us practical insights into how we make our choices both in business and in our personal lives as well as what techniques we can use in order to protect ourselves against the lapses that can cause us trouble. Given the National Academy of Sciences Best Book Award, the Los Angeles Times Book Prize, and The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is a book that would certainly affect how we think and how we live our lives.

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