Extended Summary - Thinking Fast And Slow - Intuition Or Deliberation? Where You Can Trust Your Brain - Based On The Book By Daniel Kahneman

Mentors Library

Dec 2023 · Mentors Library

About this ebook

EXTENDED SUMMARY: THINKING FAST AND SLOW - INTUITION OR DELIBERATION? WHERE YOU CAN TRUST YOUR BRAIN – BASED ON THE BOOK BY DANIEL KAHNEMAN Are you ready to boost your knowledge about "THINKING FAST AND SLOW"? Do you want to quickly and concisely learn the key lessons of this book? Are you ready to process the information of an entire book in just one reading of approximately 20 minutes? Would you like to have a deeper understanding of the techniques and exercises in the original book? Then this book is for you! BOOK CONTENT: Introduction: The Two Systems of Thinking System 1: The Fast and Intuitive Mind System 2: The Slow and Analytical Mind Anchoring and Adjustment: How We Make Estimations Availability Heuristic: The Influence of Recent Information Substitution: When System 1 Takes Over for System 2 Prospect Theory: The Psychology of Risk and Reward Loss Aversion: Why We Fear Losing More Than Gaining Overconfidence: The Illusion of Knowing It All Thinking, Fast and Slow in Decision Making The Power of Priming: How Subtle Cues Affect Our Choices Hindsight Bias: The "I Knew It All Along" Trap The Endowment Effect: Why We Overvalue What We Own How to Improve Decision Making: Nudging and Choice Architecture Conclusion: Embracing the Wisdom of Thinking Slow

About the author

ABOUT MENTORS LIBRARY The most significant concepts from the original book are what the reader will find in this synopsis; the original book contains the same relevant and practical information. For readers who do not wish to read the original text in its entirety, this synopsis attempts to reduce the repetition that any author may fall into and transforms the work into clear instructions and practical guidelines. Often, these books consist of arguments that support certain ideas, but if we truly believe in the author as a valuable source, we often do not need additional arguments to immediately grasp the concept. Because of this, many people choose not to read long books and prefer to simply follow the practical instructions they may contain. In addition, many of us may be fascinated by certain books while reading them and believe that they are teaching us important things for life. However, a year or two later, we often forget what we read no matter how much it resonated with us at the time, and that is a real shame. This is because primary concepts are usually diluted when we read them mixed with a lot of unnecessary or secondary material. Therefore, this summary will make the ideas most precious to you remain in your memory over time, because you will find them in a straightforward and easy-to-retain manner. Books serve as guides for our actions and conduct in life. Therefore, what MENTORS LIBRARY intends to do is to enhance those guides so that they can serve us better.