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Thinking Fast and Slow

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Language: English
Length: 512 Pages
Publisher: ALLEN LANE
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Thinking Fast and Slow By Daniel Kahneman
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Thinking Fast and Slow (Paperback) Price: Rs.314

Thinking Fast And Slow, by Daniel Kahneman, is an in-depth examination of how the human brain functions in the act of decision making, using the author’s prospect theory.

Summary Of The Book

In Thinking Fast And Slow, readers will have the opportunity to delve deep into how the brain functions and makes decisions.
Kahneman developed the prospect theory which states that people make decisions based on how much they stand to lose or gain, and not on the final result. This was a groundbreaking theory in behavioral economics as it directly challenged the long standing utility theory.

Thinking Fast And Slow begins with Kahneman stating that the brain generates thoughts in two ways, System 1 and System 2. The first system started automatically, was used frequently and subconsciously, and was emotional. System 2 on the other hand, operated slowly, consciously, and rationally. Kahneman maintained that most people like to assume that they are governed by the second system, which is not the case. It is System 1 that is the dominant force, which makes the big decisions, and influences thoughts and judgements. It is only by understanding both systems that people will comprehend why they do what they do. 

In the following section, titled Heuristics and Biases, the author offers explanations as to why people have a difficult time with thinking statistically. Kahneman states that by thinking heuristically, people tend to think of similar cases to the situation at hand, rather than new ways of resolving the matter. He mentions several biases such as anchoring, availability, substitution, framing, and sunk-cost, which impact people’s way of thinking.

In the section titled Choices, Kahneman offers suggestions as to how readers can avoid many of the shortcomings of System 1. In the final chapter, titled Happiness and Rationality, Kahneman suggests that conceptual biases exist in human thought because it is adaptive, and leads to happiness, which is preferred by our thinking process.

Thinking Fast And Slow won the L. A. Times Book Prize in 2011.

About Daniel Kahneman

Daniel Kahneman is an author, and psychologist, whose research interests focus on judgment, decision making, and behavioral economics. He has also authored Choices, Values And Frames, International Differences In Well-Being, and Well-Being: Foundations in Hedonic Psychology.

He was born in 1934 in Tel Aviv. Kahneman holds a BSc degree from Hebrew University of Jerusalem and completed his doctorate in Psychology from the University of California, Berkeley. In 2002, he received the Nobel Memorial Prize in Economic Sciences for his work on Prospect Theory. He is currently a Professor Emeritus in the Department of Psychology, at Princeton University. Kahneman is married to Anne Treisman, who is a psychology professor at Princeton University.

Specifications of Thinking Fast and Slow (Paperback)

Contributors
Author Daniel Kahneman
Book Details
Publisher ALLEN LANE
Imprint PENGUIN
Publication Year 2011
ISBN-13 9781846146060
ISBN-10 1846146062
Language English
Binding Paperback
Number of Pages 512 Pages
Dimensions
Weight 576 grms g
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Book Reviews of Thinking Fast and Slow

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★★★★★
★★★★★
11 Apr 2012
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certified buyer
reat it fast and slow

did you notive the spelling mistakes? if you didn't that's your fast thinking part of the brain! coming to the book...
Kahneman and Teversky co-founded behavioural economics in the 60's and 70's. this book is Kahneman's account of how their collaboration started, their key findings about human behaviour and how it gained acceptance -- all written in an accessible manner (btw even their journal publications --key one at the end of the book-- are accessible). reading the book would help one understand human pitfalls and perhaps make one pause before making incorrect inferences.

A good book...
()

did you notive the spelling mistakes? if you didn't that's your fast thinking part of the brain! coming to the book...
Kahneman and Teversky co-founded behavioural economics in the 60's and 70's. this book is Kahneman's account of how their collaboration started, their key findings about human behaviour and how it gained acceptance -- all written in an accessible manner (btw even their journal publications --key one at the end of the book-- are accessible). reading the book would help one understand human pitfalls and perhaps make one pause before making incorrect inferences.

A good book...
did you notive the spelling mistakes? if you didn't that's your fast thinking part of the brain! coming to the book...
Kahneman and Teversky co-founded behavioural economics in the 60's and 70's. this book is Kahneman's account of how their collaboration started, their key findings about human behaviour and how it gained acceptance -- all written in an accessible manner (btw even their journal publications --key one at the end of the book-- are accessible). reading the book would help one understand human pitfalls and perhaps make one pause before making incorrect inferences.

A good book like this helps revive interest in other books and helps one understand their content with better clarity.
Read this book in conjunction with Thaler & Sunstein's Nudge on how cognitive biases could give handles for policy makers (be it individuals, private and public organisations) to influence people. Check Tim Harford's Undercover Economist for a similar exploration.
If you have already read Gladwell's Blink you'll see that the book basically gives a lot of real world examples of the fast thinker of Kahneman.

91% of 33 users found this review helpful.
★★★★★
★★★★★
27 Feb 2013
A brilliant book by a brilliant mind.

Mr.Kahneman may have got noble prize in Economics but his work more pshycological in nature.
This book is a entry door for many of us who were not aware of Kahneman and Tversky's research.
Human Brain is the most complicated system ever known but Kahneman's two characters name System1 & system2 helps us to understand it in a better and easy way.In this book he synthesizes not only his discoveries but those of many others into a whole that is greater than the sum of the parts, illuminating a very wide range of human behavior e.g. The linda problem shows very common flow in human behavio...
()

Mr.Kahneman may have got noble prize in Economics but his work more pshycological in nature.
This book is a entry door for many of us who were not aware of Kahneman and Tversky's research.
Human Brain is the most complicated system ever known but Kahneman's two characters name System1 & system2 helps us to understand it in a better and easy way.In this book he synthesizes not only his discoveries but those of many others into a whole that is greater than the sum of the parts, illuminating a very wide range of human behavior e.g. The linda problem shows very common flow in human behavio...
Mr.Kahneman may have got noble prize in Economics but his work more pshycological in nature.
This book is a entry door for many of us who were not aware of Kahneman and Tversky's research.
Human Brain is the most complicated system ever known but Kahneman's two characters name System1 & system2 helps us to understand it in a better and easy way.In this book he synthesizes not only his discoveries but those of many others into a whole that is greater than the sum of the parts, illuminating a very wide range of human behavior e.g. The linda problem shows very common flow in human behavior very effectively.
Many other Authors also try to show the complicated Human behavior but the command & expertise shown by Kahneman is admirable.

Other books which also help us to understand more are as follows :
www.flipkart.com/blink-power-thinking-without-1st/p/itmczyrfmagpdxyg?&affid=megagenius
(blink by Malcom Gladwell)

Another very awesome book:
www.flipkart.com/moonwalking-with-einstein/p/itmdyhzgzasrszwy?&affid=megagenius
Moonwalking with einstein by Joshua foer

Imported Edition of the same book
www.flipkart.com/thinking-fast-slow-daniel-kahneman/p/itmd9z2fx7azzxw6?affid=megagenius
(for personal collection)

6 of 6 users found this review helpful.
★★★★★
★★★★★
22 Dec 2011
5.0 out of 5 stars...... A brilliant book by a brilliant mind

This Book will show you how we think and decide !!!
one of the best Books in market !!!
This very well written book will enlighten and entertain the reader !!!
author "Daniel Kahneman " considered one of the most important psychologists alive today .......also he has got Nobel in Economic Sciences !!
Personally I think this is a great book because it opens a new perspective. Many human behaviors can be explained well in the "System 1 vs. System 2" framework.'
The excellent style of writing in this book makes it a very interesting and easy read. It's brilliant insight int...
()

This Book will show you how we think and decide !!!
one of the best Books in market !!!
This very well written book will enlighten and entertain the reader !!!
author "Daniel Kahneman " considered one of the most important psychologists alive today .......also he has got Nobel in Economic Sciences !!
Personally I think this is a great book because it opens a new perspective. Many human behaviors can be explained well in the "System 1 vs. System 2" framework.'
The excellent style of writing in this book makes it a very interesting and easy read. It's brilliant insight int...
This Book will show you how we think and decide !!!
one of the best Books in market !!!
This very well written book will enlighten and entertain the reader !!!
author "Daniel Kahneman " considered one of the most important psychologists alive today .......also he has got Nobel in Economic Sciences !!
Personally I think this is a great book because it opens a new perspective. Many human behaviors can be explained well in the "System 1 vs. System 2" framework.'
The excellent style of writing in this book makes it a very interesting and easy read. It's brilliant insight into human thinking......

5 of 5 users found this review helpful.
★★★★★
★★★★★
26 Dec 2011
Catchy title..compels to start reading..then there is no ending..

Wonderful to know about aour fast impromptu respose and slow innate thinking process..Halo effect and our ignorance to statistics, Overconfidence..choices..lot of things to ponder upon..
Marvellously written..Reading daily a chapter makes my day and life..

4 of 4 users found this review helpful.
★★★★★
★★★★★
11 Feb 2012
The 'certified buyer' badge indicates that this user has purchased this product on flipkart.com.
certified buyer
Good Book

Good explaination given epecially in terms of how we think and react to different situation. Explaination based on System 1 & 2 thinking is very informative. ()

Good explaination given epecially in terms of how we think and react to different situation. Explaination based on System 1 & 2 thinking is very informative.
Good explaination given epecially in terms of how we think and react to different situation. Explaination based on System 1 & 2 thinking is very informative.

0 of 0 users found this review helpful.

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★★★★★
★★★★★
Ravi Bugadikatti
01 Jul 2014
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Excellent

Downloaded this book.
Must say it is a great read.
Still reading and improving on what the book talks about.
Glad choose this one.
(View complete review)

★★★★★
★★★★★
02 Jun 2014
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Must Read

Book is a bit heavy for casual reading. Over all a beautiful read with insightful observations and analysis. (View complete review)

★★★★★
★★★★★
Salil Gupta
11 May 2014
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Awesome Book

I m Learning many things from this book

Must read

It Tells us how your mind work..

Still Reading this book
(View complete review)

★★★★★
★★★★★
Bhanu Pratap
09 May 2014
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mind bogling

book from out of the world.
a must read for all those who are curious about their decision maker - 'the brain'
(View complete review)

    Book: Thinking Fast and Slow by Daniel Kahneman
    ISBN Number: 1846146062, 9781846146060, 978-1846146060

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