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Thinking Fast and Slow by Daniel Kahneman (Book Summary)
In his book "Thinking Fast and Slow", Daniel Kahneman takes us on a journey in the human 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.
The following are the main “Bits to Remember” from his book:
- The relationship between the first and second thinking system is what determines our behavior and the way we make decisions.
- Laziness in thinking is one of the primary reasons that we make incorrect decisions.
- Do not make any decisions while under the influence of the halo effect or confirmation bias.
- Anchoring is one of the most important reasons for making incorrect judgments.
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