Thinking Fast and Slow Economic Books In English

Thinking, Fast and SlowBy Daniel KahnemanPublisher: Penguin Random HousePublish date: 2012Language: EnglishISBN: 9780141033570Product size: 12.9 x2.4x 19.7 cmPacking: paperbackPage number: 50

Thinking, Fast and Slowis a best-selling2011 book by Nobel Memorial Prize in Economics winner Daniel Kahneman which summarizes research that he conducted over decades, often in collaboration with Amos Tversky. It covers all three phases of his career: his early days working on cognitive biases, his work on prospect theory, and his later work on happine.

The book's cenl thesis is a dichotomy between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates cognitive biases aociated with each type of thinking, starting with Kahneman's own research on lo aversion. From framing choices to people's tendency to substitute an easy-to-answer question for one that is harder, the book highlights several decades of academic research to suest that people p too much confidence in human judgment.

Daniel Kahneman is an i-American psychologist notable for his work on the psychology of judgment and decision-ing, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His emical findings challenge the aumption of human rationality prevailing in modern economic theory.