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Thinking, Fast and Slow
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Published:
Farrar, Straus and Giroux 2011
Status:
Checked Out
Description

Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist's 2011 Books of the Year
One of The Wall Street Journal's Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds

In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, 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. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems 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 lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.

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Format:
Adobe EPUB eBook, Kindle Book, OverDrive Read
Street Date:
10/25/2011
Language:
English
ISBN:
9781429969352
ASIN:
B00555X8OA
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Citations
APA Citation (style guide)

Daniel Kahneman. (2011). Thinking, Fast and Slow. Farrar, Straus and Giroux.

Chicago / Turabian - Author Date Citation (style guide)

Daniel Kahneman. 2011. Thinking, Fast and Slow. Farrar, Straus and Giroux.

Chicago / Turabian - Humanities Citation (style guide)

Daniel Kahneman, Thinking, Fast and Slow. Farrar, Straus and Giroux, 2011.

MLA Citation (style guide)

Daniel Kahneman. Thinking, Fast and Slow. Farrar, Straus and Giroux, 2011.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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      • value: cognitive bias
      • value: nobel prize winners
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      • value: xmas gifts for men
      • value: Stock picking
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      • bioText: Daniel Kahneman is Eugene Higgins Professor of Psychology Emeritus at Princeton University and a professor of public affairs at the Woodrow Wilson School of Public and International Affairs. He received the 2002 Nobel Prize in Economic Sciences for his pioneering work with Amos Tversky on decision-making. He is the author of the international bestseller Thinking, Fast and Slow.
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fullDescription

Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist's 2011 Books of the Year
One of The Wall Street Journal's Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds

In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, 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. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems 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 lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.

reviews
      • premium: False
      • source: Jim Holt, The New York Times Book Review
      • content:

        "It is an astonishingly rich book: lucid, profound, full of intellectual surprises and self-help value. It is consistently entertaining . . . So impressive is its vision of flawed human reason that the New York Times columnist David Brooks recently declared that Kahneman and Tversky's work 'will be remembered hundreds of years from now,' and that it is 'a crucial pivot point in the way we see ourselves.'"

      • premium: False
      • source: William Easterly, Financial Times
      • content: "There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Daniel Kahneman's Thinking, Fast and Slow . . . This is one of the greatest and most engaging collections of insights into the human mind I have read."
      • premium: False
      • source: Roger Lowenstein, Bloomberg/Businessweek
      • content: "I will never think about thinking quite the same. [Thinking, Fast and Slow] is a monumental achievement."
      • premium: False
      • source: Janice Gross Stein, The Globe and Mail
      • content: "Brilliant . . . It is impossible to exaggerate the importance of Daniel Kahneman's contribution to the understanding of the way we think and choose. He stands among the giants, a weaver of the threads of Charles Darwin, Adam Smith and Sigmund Freud. Arguably the most important psychologist in history, Kahneman has reshaped cognitive psychology, the analysis of rationality and reason, the understanding of risk and the study of happiness and well-being."
      • premium: True
      • source: Publisher's Weekly
      • content:

        Starred review from October 3, 2011
        The mind is a hilariously muddled compromise between incompatible modes of thought in this fascinating treatise by a giant in the field of decision research. Nobel-winning psychologist Kahneman (Attention and Effort) posits a brain governed by two clashing decision-making processes. The largely unconscious System 1, he contends, makes intuitive snap judgments based on emotion, memory, and hard-wired rules of thumb; the painfully conscious System 2 laboriously checks the facts and does the math, but is so "lazy" and distractible that it usually defers to System 1. Kahneman uses this scheme to frame a scintillating discussion of his findings in cognitive psychology and behavioral economics, and of the ingenious experiments that tease out the irrational, self-contradictory logics that underlie our choices. We learn why we mistake statistical noise for coherent patterns; why the stock-picking of well-paid investment advisers and the prognostications of pundits are worthless; why businessmen tend to be both absurdly overconfident and unwisely risk-averse; and why memory affects decision making in counterintuitive ways. Kahneman's primer adds to recent challenges to economic orthodoxies about rational actors and efficient markets; more than that, it's a lucid, marvelously readable guide to spotting—and correcting—our biased misunderstandings of the world. Photos.

      • premium: True
      • source: Kirkus
      • content:

        Starred review from September 15, 2011

        A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

        The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as "lazy": We don't want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some ("heuristics," for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

        Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

        (COPYRIGHT (2011) KIRKUS REVIEWS/NIELSEN BUSINESS MEDIA, INC. ALL RIGHTS RESERVED.)

      • premium: True
      • source: Library Journal
      • content:

        Starred review from October 15, 2011

        Kahneman (psychology, emeritus, Princeton) won the 2002 Nobel Prize in Economics for his work with Amos Tversky on decision making. In this large, readable book, Kahneman presents provocative theories and groundbreaking research and, moreover, clearly explains both. He postulates two systems of thinking that operate simultaneously but often at odds: intuitive and deliberative, or fast and slow, respectively. Fast judgments dominate to a greater extent than we know and to our disadvantage. A key discovery that overcame an effect Kahneman terms "theory induced blindness" (which refers mainly to fast-thinking mistakes but can occur in slow thinking when our assumptions are wrong or simply interfere with seeing) was that outcomes are better defined by gains and losses than by sums of wealth. "Prospect theory," an idea Kahneman developed with Tversky, posits that, when all our options are bad, we tend to take riskier paths. With Kahneman's expert help, readers may understand this mix of psychology and economics better than most accountants, therapists, or elected representatives. VERDICT A stellar accomplishment, a book for everyone who likes to think and wants to do it better. [See Prepub Alert, 5/9/11]--E. James Lieberman, George Washington Univ. Sch. of Medicine, Washington, DC

        Copyright 2011 Library Journal, LLC Used with permission.

      • premium: True
      • source: Booklist
      • content:

        October 1, 2011
        Decision making tends to be intuitive rather than logical. Kahneman has dedicated his academic research to understanding why that is so. This work distills his and colleagues' findings about how we make up our minds and how much we can trust intuition. Clinical experiments on psychology's traditional guinea pigscollege studentsabound and collectively batter confidence in System 1, as Kahneman calls intuition. All sorts of biases, sporting tags like the halo effect (i.e., unwarranted attribution of positive qualities to a thing or person one likes), bedevil accurate appraisal of reality. According to Kahneman, intuitive feelings often override System 2, or thinking that requires effort, such as simple arithmetic. Exemplifying his points in arenas as diverse as selecting military officers, speculating in stocks, hiring employees, and starting up businesses, Kahneman accords some reliability to intuitive choice, as long as the decision maker is aware of cognitive illusions (the study of which brought Kahneman the 2002 Nobel Prize in Economics). Kahneman's insights will most benefit those in leadership positions yet they will also help the average reader to become a better car buyer.(Reprinted with permission of Booklist, copyright 2011, American Library Association.)

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Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist's 2011 Books of the Year
One of The Wall Street Journal's Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds

In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, 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. The impact of overconfidence on...

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Farrar, Straus and Giroux
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      • description: Business & Economics / Decision-Making & Problem Solving
      • code: PSY008000
      • description: Psychology / Cognitive Psychology & Cognition