PDF Ebook Thinking, Fast and Slow, by Daniel Kahneman

PDF Ebook Thinking, Fast and Slow, by Daniel Kahneman

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Thinking, Fast and Slow, by Daniel Kahneman

PDF Ebook Thinking, Fast and Slow, by Daniel Kahneman

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Amazon.com Review

Amazon Best Books of the Month, November 2011: Drawing on decades of research in psychology that resulted in a Nobel Prize in Economic Sciences, Daniel Kahneman takes readers on an exploration of what influences thought example by example, sometimes with unlikely word pairs like "vomit and banana." System 1 and System 2, the fast and slow types of thinking, become characters that illustrate the psychology behind things we think we understand but really don't, such as intuition. Kahneman's transparent and careful treatment of his subject has the potential to change how we think, not just about thinking, but about how we live our lives. Thinking, Fast and Slow gives deep--and sometimes frightening--insight about what goes on inside our heads: the psychological basis for reactions, judgments, recognition, choices, conclusions, and much more.  --JoVon Sotak

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Review

“A tour de force. . . Kahneman's book is a must read for anyone interested in either human behavior or investing. He clearly shows that while we like to think of ourselves as rational in our decision making, the truth is we are subject to many biases. At least being aware of them will give you a better chance of avoiding them, or at least making fewer of them.” ―Larry Swedroe, CBS News“Daniel Kahneman demonstrates forcefully in his new book, Thinking, Fast and Slow, how easy it is for humans to swerve away from rationality.” ―Christopher Shea, The Washington Post“An outstanding book, distinguished by beauty and clarity of detail, precision of presentation and gentleness of manner. Its truths are open to all those whose System 2 is not completely defunct. I have hardly touched on its richness.” ―Galen Strawson, The Guardian“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 . . . A magisterial work, stunning in its ambition, infused with knowledge, laced with wisdom, informed by modesty and deeply humane. If you can read only one book this year, read this one.” ―Janice Gross Stein, The Globe and Mail“A sweeping, compelling tale of just how easily our brains are bamboozled, bringing in both his own research and that of numerous psychologists, economists, and other experts...Kahneman has a remarkable ability to take decades worth of research and distill from it what would be important and interesting for a lay audience...Thinking, Fast and Slow is an immensely important book. Many science books are uneven, with a useful or interesting chapter too often followed by a dull one. Not so here. With rare exceptions, the entire span of this weighty book is fascinating and applicable to day-to-day life. Everyone should read Thinking, Fast and Slow.” ―Jesse Singal, Boston Globe“We must be grateful to Kahneman for giving us in this book a joyful understanding of the practical side of our personalities.” ―Freeman Dyson, The New York Review of Books“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 . . . A magisterial work, stunning in its ambition, infused with knowledge, laced with wisdom, informed by modesty and deeply humane. If you can read only one book this year, read this one.” ―Janice Gross Stein, The Globe and Mail“It is an astonishingly rich book: lucid, profound, full of intellectual surprises and self-help value. It is consistently entertaining and frequently touching, especially when Kahneman is recounting his collaboration with Tversky . . . 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.' They are, Brooks said, ‘like the Lewis and Clark of the mind' . . . By the time I got to the end of Thinking, Fast and Slow, my skeptical frown had long since given way to a grin of intellectual satisfaction. Appraising the book by the peak-end rule, I overconfidently urge everyone to buy and read it. But for those who are merely interested in Kahenman's takeaway on the Malcolm Gladwell question it is this: If you've had 10,000 hours of training in a predictable, rapid-feedback environment--chess, firefighting, anesthesiology--then blink. In all other cases, think.” ―The New York Times Book Review“Ask around and you hear pretty much the same thing. 'Kahneman is the most influential psychologist since Sigmund Freud,' says Christopher Chabris, a professor of psychology at Union College, in New York. 'No one else has had such a broad impact on so many fields' . . . It now seems inevitable that Kahneman, who made his reputation by ignoring or defying conventional wisdom, is about to be anointed the intellectual guru of our economically irrational times.” ―Evan R. Goldstein, The Chronicle of Higher Education“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.” ―William Easterly, Financial Times“[Thinking, Fast and Slow] is wonderful, of course. To anyone with the slightest interest in the workings of his own mind, it is so rich and fascinating that any summary would seem absurd.” ―Michael Lewis, Vanity Fair“Absorbingly articulate and infinitely intelligent . . . What's most enjoyable and compelling about Thinking, Fast and Slow is that it's so utterly, refreshingly anti-Gladwellian. There is nothing pop about Kahneman's psychology, no formulaic story arc, no beating you over the head with an artificial, buzzword-encrusted Big Idea. It's just the wisdom that comes from five decades of honest, rigorous scientific work, delivered humbly yet brilliantly, in a way that will forever change the way you think about thinking.” ―Maria Popova, The Atlantic“I will never think about thinking quite the same. [Thinking, Fast and Slow] is a monumental achievement.” ―Roger Lowenstein, Bloomberg/Businessweek“Profound . . . As Copernicus removed the Earth from the centre of the universe and Darwin knocked humans off their biological perch, Mr. Kahneman has shown that we are not the paragons of reason we assume ourselves to be.” ―The Economist“[Kahneman's] disarmingly simple experiments have profoundly changed the way that we think about thinking . . . We like to see ourselves as a Promethean species, uniquely endowed with the gift of reason. But Mr. Kahneman's simple experiments reveal a very different mind, stuffed full of habits that, in most situations, lead us astray.” ―Jonah Lehrer, The Wall Street Journal“[A] tour de force of psychological insight, research explication and compelling narrative that brings together in one volume the high points of Mr. Kahneman's notable contributions, over five decades, to the study of human judgment, decision-making and choice . . . Thanks to the elegance and force of his ideas, and the robustness of the evidence he offers for them, he has helped us to a new understanding of our divided minds--and our whole selves.” ―Christoper F. Chabris, The Wall Street Journal“The ramifications of Kahenman's work are wide, extending into education, business, marketing, politics . . . and even happiness research. Call his field "psychonomics," the hidden reasoning behind our choices. Thinking, Fast and Slow is essential reading for anyone with a mind.” ―Kyle Smith, The New York Post“A major intellectual event . . . The work of Kahneman and Tversky was a crucial pivot point in the way we see ourselves.” ―David Brooks, The New York Times“Kahneman provides a detailed, yet accessible, description of the psychological mechanisms involved in making decisions.” ―Jacek Debiec, Nature“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.” ―Library Journal“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.” ―Publishers' Weekly (starred review)“For anyone interested in economics, cognitive science, psychology, and, in short, human behavior, this is the book of the year. Before Malcolm Gladwell and Freakonomics, there was Daniel Kahneman who invented the field of behavior economics, won a Nobel…and now explains how we think and make choices. Here's an easy choice: read this.” ―The Daily Beast“This book is one of the few that must be counted as mandatory reading for anyone interested in the Internet, even though it doesn't claim to be about that. Before computer networking got cheap and ubiquitous, the sheer inefficiency of communication dampened the effects of the quirks of human psychology on macro scale events. No more. We must now confront how we really are in order to make sense of our world and not screw it up. Daniel Kahneman has discovered a path to make it possible.” ―Jaron Lanier, author of You Are Not a Gadget“Daniel Kahneman is one of the most original and interesting thinkers of our time. There may be no other person on the planet who better understands how and why we make the choices we make. In this absolutely amazing book, he shares a lifetime's worth of wisdom presented in a manner that is simple and engaging, but nonetheless stunningly profound. This book is a must read for anyone with a curious mind.” ―Steven D. Levitt, William B. Ogden Distinguished Service Professor of Economics at the University of Chicago; co-author of Freakonomics and SuperFreakonomics.“Thinking, Fast and Slow is a masterpiece--a brilliant and engaging intellectual saga by one of the greatest psychologists and deepest thinkers of our time. Kahneman should be parking a Pulitzer next to his Nobel Prize.” ―Daniel Gilbert, Harvard University Professor of Psychology, author of Stumbling on Happiness, host of the award-winning PBS television series "This Emotional Life"“This book is a tour de force by an intellectual giant; it is readable, wise, and deep. Buy it fast. Read it slowly and repeatedly. It will change the way you think, on the job, about the world, and in your own life.” ―Richard Thaler, University of Chicago Professor of Economics and co-author of Nudge“This is a landmark book in social thought, in the same league as The Wealth of Nations by Adam Smith and The Interpretation of Dreams by Sigmund Freud.” ―Nassim Taleb, author of The Black Swan“Daniel Kahneman is among the most influential psychologists in history and certainly the most important psychologist alive today. He has a gift for uncovering remarkable features of the human mind, many of which have become textbook classics and part of the conventional wisdom. His work has reshaped social psychology, cognitive science, the study of reason and of happiness, and behavioral economics, a field that he and his collaborator Amos Tversky helped to launch. The appearance of Thinking, Fast and Slow is a major event.” ―Steven Pinker, Harvard College Professor of Psychology, Harvard University, and author of How the Mind Works and The Better Angels of our Nature

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Product details

Hardcover: 512 pages

Publisher: Farrar, Straus and Giroux; 1 edition (October 25, 2011)

Language: English

ISBN-10: 9780374275631

ISBN-13: 978-0374275631

ASIN: 0374275637

Product Dimensions:

6.4 x 1.8 x 9.3 inches

Shipping Weight: 1.5 pounds (View shipping rates and policies)

Average Customer Review:

4.5 out of 5 stars

3,084 customer reviews

Amazon Best Sellers Rank:

#8,335 in Books (See Top 100 in Books)

Daniel Kahneman is a renowned psychologist, who won a Nobel Prize in Economics. His work (and that of his late partner, Amos Tversky), and that of a network of colleagues in a similar path, has had an effect on how we see human decision-making. In the social sciences and economics, rationality is a key assumption about human thinking. Kahneman and Tversky and others have put that assumption in the cross hairs of their research. Indeed, some of my own research in political thinking by American citizens is based on this body of work.In this work, Kahneman begins by noting two systems of thinking. System 1 is automatic, quick, and intuitive. It is decision making by shortcuts. Normally, it works fairly well, but it can also lead to bad decisions. When the stakes are low, even the downside isn't too bad. For major decisions? Well, that can be problematic. The operations of System 2 are (Page 21) "often associated with the subjective experience of agency, choice, and concentration." This is the realm of reason and conscious thinking. System 1 tends to be nonconscious.Part I considers more deeply the operation of Systems 1 and 2. We learn, for example, that System 2 can be lazy and let System 1 "do its thing" without conscious control over those processes.Part II addresses biases in decision making. This includes the operation of decision making shortcuts, or "heuristics." These are tools that assist decision making and make it quick and easy--and sometimes very wrong. For instance, the law of small numbers. Many people are very confident that judgments that they make based upon a few examples are apt to be correct--even though there is scant statistical indication of this. We do not easily think in terms of probability and statistics. Or availability. We often make decisions based on what pops into our short term memory first, that which is most "available" for retrieval. Or regression to the mean. If someone scores extremely high on the GREs, it is common that the next test would result in lower scores. Why? Many times, very high scores are the result of good luck. Reality will return in such cases, as the next score is likely to revert to a more normal result.Part III? A series of chapters on overconfidence. It is disconcerting to realize that a lot of our decisions are based on shortcuts that can sometimes go way wrong. Worse, there is plenty of research that shows that once people make decisions, they become overconfident in how good those decisions are. Part IV examines choices. One of the more powerful aspects of Kahneman's and Tversky's work is "prospect theory." Once more, we see skewed decision making at work--far from the realm of rational cost benefit calculators. One key finding here: People tend to be risk averse when they are in positive ground; people are risk takers in negative situations. Example: If you are getting an A in a course and anticipate that that will be your final grade, you are unlikely to cheat. Why? You have a lot to lose and little to gain. On the other hand, if you're facing a D or F, you are, according to many studies, more apt to cheat. The relevance? Some urge being touch on cheaters as a way of deterring academic dishonesty. But someone who is in bad shape to begin with is less likely to be deterred in such a circumstance.The last part is a reflection on the meaning of all that went before. Also helpful is that some of the major pieces of research are attached as appendices. These may be slow going for some people, but if the reader can wade through them, they get a good sense of how this book came to its conclusions.A very fine book, well written, that makes important research accessible to a larger audience.

First, for reasons explained below I would not buy this as an audio book.I have mixed feelings about this book for various reasons. The first 200 pages (Part 1 and 2) are heavily focused on the author trying to convince the reader that it is better to think statistically rather than instinctively / intuitively. After stating countless studies to support his premise, the author (very briefly) in Chapter 21 admits that “formulas based on statistics or on common sense” are both good forms to develop valued algorithms – Doesn’t common sense fit into instinct or intuition? Later in the same chapter the author concedes that intuition adds value but only to the extent that the individual bases it off sufficient research. To me, the way most of the book was written, especially in Parts 1 and 2, was a little over the top. The chapters are short and each one cites at least one study that the author or someone else performed. It becomes example after example after example and redundant. The beginning chapters seem as if the author put a group of journal articles together to develop part of the book. Don’t get me wrong, many of the studies are really interesting and I find them very helpful, I just believe that it became a little redundant. However, there is some evidence that also says that many of the studies referenced in this book were not able to be reproduced, adding more speculation on the evidence supporting the author’s premise.Furthermore, the book is very interactive with the reader and some parts are a little condescending. For example, in the Introduction, the author poses a question to the reader asking whether or not a personality description means the person in question is a farmer or a librarian. Rather than assuming that the multitude of readers may come up with different responses, the author states “Did it occur to you that there are more than 20 male farmers.” While I understand where the author was going with the question, the author presumed that the readers would only answer one way and this recurs throughout the book. Another example in Chapter 16 assumed that the reader came up with the wrong answer and even stated that the most common answer to this question is wrong, however, the author does not explain how to come up with the correct answer.Since this book is very interactive, I wouldn’t purchase the audio book. I do have both the hard copy and the audio book and further noticed that there were a few mistakes between the hard copy and the audio. Sometimes the mistake was quite minimal such as words were flip-flopped but at the end of Chapter 17 the author asks a question which requires some thought and work by the reader. The total in the audiobook was completely off. Instead of stating the total at 81 million (as in the hard copy) the audio book read it as 61 million and the Total for another part of the question in the same example was 67.1 million in the audio book instead of 89.1 million as the hard copy stated.All in all, a good part of the book is intriguing. The author clearly has conducted extensive research throughout his career and was able to present much of it in this book in a form that would be comprehensible to non-econ and non-psychology persons.

Content is interesting, but as other reviewers point out, do not buy the Kindle version, because links often don't work, and many images and footnotes seem to be lost.

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Thinking, Fast and Slow, by Daniel Kahneman PDF

Thinking, Fast and Slow, by Daniel Kahneman PDF