AdvancedCapitalism & Wealth Creation

Thinking, Fast and Slow

Understanding the two systems that drive how we think, judge, and make choices by Daniel Kahneman.

55 min Business Academy Daniel Kahneman

Course at a Glance

Level
Advanced
Category
Capitalism & Wealth Creation
Learning Track
Business Academy
Duration
55 minutes
Instructor
Daniel Kahneman
Cost
Free

The Two Systems

  • System 1: Fast, intuitive, emotional, automatic.
  • System 2: Slow, deliberate, logical, effortful.

Key Biases

  1. Anchoring Effect
  2. Availability Heuristic
  3. Loss Aversion
  4. Framing Effect
  5. Confirmation Bias
  6. Halo Effect

Key Takeaway

We are not as rational as we think. Awareness of our cognitive biases is the first step toward better decisions.

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