Saturday 2 February 2019

THINKING FAST AND SLOW BY DANIEL KAHNEMAN

thinking fast and slow
We  all are drive by our psychological movements which affect our judgement and decision making.
Daniel Kahneman Senior Scholar at Princeston University,awarded with Nobel Prize in Economics in 2002  in his book "Thinking Fast and Slow  underline how we understand our world and what expect  from it based on two experiements :System 1 and System 2

System 1 runs automatically
System  2 confortable low effort mode

Main function of System 1 is to monitor and control thoughts and actions suggested by system 1.People in general are overconfident prone to place too much faith in their intuitions.

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