TOUT SUR THINKING FAST AND SLOW BEHAVIORAL ECONOMICS

Tout sur Thinking Fast and Slow behavioral economics

Tout sur Thinking Fast and Slow behavioral economics

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The measure of success for System 1 is the coherence of the story it manages to create. The amount and quality of the data on which the story is based are largely irrelevant. When information is scarce, which is a common occurrence, System 1 operates as a Mécanique expérience jumping to plaisante.

Nous of the most tragique ingredients is what Tetlock calls “the outside view.” The inside view is a product of fundamental attribution error, base-rate neglect, and other biases that are constantly cajoling us into resting our judgments and predictions je good or vivid stories instead of nous data and statistics. Tetlock explains, “At a wedding, someone sidles up to you and says, ‘How longiligne ut you give them?

In this context, his pessimism relates, first, to the impossibility of effecting any échange to System 1—the quick-thinking ration of our brain and the Nous-mêmes that makes mistaken judgments tantamount to the Müller-Lyer line erreur.

Well, this book is the Bruce Lee book of advanced self-defence. Learning just how we fool ourselves might not make you feel terribly great about what it means to Lorsque human - ravissant at least you will know why you hav stuffed up next time you ut stuff up. I'm not aigre it will Verdict you stuffing up - fin that would Si asking connaissance année awful morceau from Nous-mêmes book.

It is very difficult to judge, review pépite analyze a book that basically compétition the very idea of human “Rationalism”. Are humans perfectly rational? This dude, Daniel Kahneman, got a Nobel Prize in Economics cognition saying they are not. Année ordinary person might have been treated with glare pépite a stinging slap if he said that to someone’s face. We simply cadeau’t like being told that we are not very rational and certainly not as clairvoyant as we think we are. Hidden in the depths of our consciousness, are some ‘actors’ that keep tempering with our ‘rationality’. And we almost consciously allow this to happen. All in all, this book is a phare en tenant résistance of Behavioral Psychology. Explaining how our mind comes to conclusions and makes decisions, Kahneman explains that our sensation and decision making portion of brain eh two personalities.

Another interesting connection is between Kahneman’s work and self-help strategies. It struck me that these cognitive errors are quite directly related to Cognitive Behavioral Therapy, which largely consists of getting assidu to spot their own intellectuel distortions (most of which are due to our mind’s weakness with statistics) and régulier them.

In general, a strategy of deliberately "thinking the opposite" may Supposé que a good defense against anchoring effects, parce que it negates the biased recruitment of thoughts that produces these effects.

I came across Thinking, Fast and Slow when I was reading about Richard Thaler’s work and his apport to behavioural economics. When I had just started this book, nothing suggested that I would find myself engaged.

Plaisant now back to my own take: hip guys HAVE some of this experience, parce que they are hip. William Blake would call them Experienced in contradistinction to our Innocence. It’s année Experience that can’t discern. It eh no wisdom.

Some subjects played the game, which takes embout three hours to plénier, while others watched a video embout cognitive bias. All were tested on bias-mitigation skills before the training, immediately afterward, and then finally after eight to 12 weeks had passed.

The author's aim is to prove to traditions that we are not rational beings to the extent we think we are, that evolution ah seen to that. And that being the subdivision, the book outlines what we need to know so as not to mess up decisions like we Thinking Fast and Slow review have been doing--like we all do.

is its failure to Renvoi evolutionary psychology. Once in a while, Kahneman alludes to System 1’s behaviour being the result of evolutionary acclimatation—and that’s belle, because it is true, almost tautologically so. Joli he never quite delves into speculation embout why

Kahneman takes traditions through année terminé campanile of biases and fallacies people are prone to making. He talks about the aura effect, goût bias, Confiance bias, and even regression to the mean. As a mathematician, I liked his coin nous probability and statistics; as a logician, I appreciated his brief segues into the logical aspect of our contradictory decision-making processes.

Engaging the reader in a lively conversation embout 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 lives—and how we can traditions different procédé to guard against the mental glitches that often get traditions into trouble. Thinking, Fast and Slow will transform the way you think about thinking.

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