The Two Systems
- System 1: Fast, intuitive, emotional, automatic.
- System 2: Slow, deliberate, logical, effortful.
Key Biases
- Anchoring Effect
- Availability Heuristic
- Loss Aversion
- Framing Effect
- Confirmation Bias
- Halo Effect
Key Takeaway
We are not as rational as we think. Awareness of our cognitive biases is the first step toward better decisions.