THINKING FAST AND SLOW

"Thinking, Fast and Slow" by Daniel Kahneman explores the dual systems of thought that drive human decision-making. System 1 is fast, intuitive, and emotional, while System 2 is slow, deliberate, and logical. Kahneman illustrates how these systems shape judgments and choices, often leading to cognitive biases and errors. He delves into concepts such as prospect theory, anchoring, and loss aversion, highlighting the limitations of human rationality. The book provides insights into improving decision-making by understanding the interplay between the two systems and recognizing common pitfalls.