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Thinking, Fast and Slow

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Thinking, Fast and Slow by Kahneman, Daniel, 9780374533557
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  • ISBN: 9780374533557 | 0374533555
  • Cover: Paperback
  • Copyright: 4/2/2013
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Selected by the New York Times Book Reviewas one of the best books of 2011 A Globe and MailBest Books of the Year 2011 Title One of The Economist's 2011 Books of the Year One of The Wall Steet Journal's Best Nonfiction Books of the Year 2011 Daniel Kahneman, recipient of the Nobel Prize in Economic Sciences for his seminal work in psychology that challenged the rational model of judgment and decision making, is one of our most important thinkers. His ideas have had a profound and widely regarded impact on many fieldsincluding economics, medicine, and politicsbut until now, he has never brought together his many years of research and thinking in one book. In the highly anticipated Thinking, Fast and Slow, Kahneman 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. Kahneman exposes the extraordinary capabilitiesand also the faults and biasesof fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior. The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of cognitive biases on everything from playing the stock market to planning the next vacationeach of these can be understood only by knowing how the two systems work together to 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 livesand how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slowwill transform the way you think about thinking.

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