Daniel Kahneman is considered one the greatest and most influential living psychologist in the world. He is known for his work on the psychology of judgement and decision making.
In 2002, he won the Nobel Prize for his work on how Biases and Heuristics affect Economic Theory. He has helped transformed Economics into what it is today.
Thinking Fast and Slow goes over his life’s research on common human errors that arise from Biases and Heuristics.
It’s a very dense book, but each chapter goes over important human errors. By trying to avoid these errors it will improve your critical thinking skills.
Below are my Notes:
Beware of These 18 Biases and Illusions Before You Make a Decision!
Whenever you see a number, beware of the Anchoring Effect!
Beware of the Availability Heuristic.
Don’t let stories distort your view of reality due to the Representativeness Bias
Before starting a project, beware of the Planning Fallacy!
You might say “I knew it!” but you probably had Hindsight Bias.
Beware of the Narrative Fallacy!
Is it possible to overcome Biases?
Be careful not to over appraise someone due to the Halo Effect
How much of success is due to luck?
Even well trained statisticians get fooled by the small numbers Bias
Is Overconfidence Good or Bad?
How to predict something according Nobel Prize winner Daniel Kahneman
How to conduct an interview with less bias
Be careful when looking at results because you must factor in luck and Regression to the Mean.