Thinking Fast and Slow Linkage

Thinking Fast and Slow Linkage
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Thinking Fast and Slow Linkage
In this paper, the purpose is to provide a book review of the book Thinking Fast and Slow by Daniel Kahneman. The content of this paper is fundamentally in a narrative point of view of the book. In reviewing the book, linkage of concepts is demonstrated, along with my own thinking that is backed and supported with references. Concepts from the book, Cultural Psychology by Steven, J. Heine are also included in the references.
In the book Thinking Fast and Slow, Kahneman’s key theme is essentially human irrationality. It is noteworthy that there are basically 3 stages or phases to Kahneman’s profession. Firstly, Kahneman along with Tversky carried out several inventive experimentations which divulged about 20 cognitive biases, that is, unconscious inaccuracies of reason which distort people’s discernment of the world. Characteristic of these is the anchoring effect: this means people’s propensity of being influenced by extraneous numbers which they happen to be exposed to. In the 2nd stage, Tversky and Kahneman demonstrated that people making decisions under indecisive circumstances do not behave in a manner that financial models have usually presumed, that is; they do not maximize utility. They subsequently formulated an alternative account of decision making that they referred to as prospect theory. In the third stage of Kahneman’s profession, mostly following Tversky’s passing away, he inquired into hedonic psychology, which is essentially the science of happiness, including its nature as well as its causes.
The book Thinking Fast and Slow covers each of these stages. The book is superbly rich given that it is reflective, clear and has lots of intellectual surprises. The book is consistently engaging, and very much touching particularly when the author recounts his teamwork with Tversky. Thinking Fast and Slow also offers an integrated and detailed treatment of the role played by 2 dissimilar cognitive systems in elucidating people’s decisions and judgments, adopting System 1 and 2 distinctions. Kahneman elucidates that System 1, also known as the instinctive reactions and fast judgments that people depend on for nearly all decisions, is also the process which results in far greater biases in judgment. Kahneman also explains the recent progresses in how System 2, people’s more deliberative thought processes, could be utilized in dampening the unconstructive effects of people’s intuitive judgments. By this means, the author elucidates a structure used to understand both the processes and mechanisms that could clarify when biases are most probable to appear and when people require to apply their System 2 processes to the problem at hand.
People basically understand the world in 2 very different ways, using 2 fundamentally dissimilar forms of thought, which are the S...