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Daniel Kahneman

Thinking, Fast and Slow Paperback – April 2 2013

by Daniel Kahneman (Author)

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Two systems drive the way we think and make choices, Daniel Kahneman explains: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent.

Kahneman's singularly influential work has transformed cognitive psychology and launched the new fields of behavioral economics and happiness studies. In this path-breaking book, Kahneman shows how the mind works, and offers practical and enlightening insights into how choices are made in both our business and personal lives--and how we can guard against the mental glitches that often get us into trouble.

Print length

512 pages
Language

English
Publisher

Anchor Canada
Publication date

April 2 2013
Dimensions

14.99 x 2.54 x 22.86 cm
ISBN-10

0385676530
ISBN-13

978-0385676533
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Review

Praise for Thinking, Fast and Slow
"Absorbingly articulate and infinitely intelligent . . . [Thinking, Fast and Slow] will forever change the way you think about thinking."
—The Atlantic

About the Author

DANIEL KAHNEMAN is Eugene Higgins Professor of Psychology Emeritus at Princeton University and a professor of public affairs at the Woodrow Wilson School of Public and International Affairs. He is the only non-economist to have won the Nobel Prize in Economic Sciences; it was awarded to him in 2002 for his pioneering work with Amos Tversky on decision-making.

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Product details

Publisher ‏ : ‎ Anchor Canada (April 2 2013)
Language ‏ : ‎ English
Paperback ‏ : ‎ 512 pages
ISBN-10 ‏ : ‎ 0385676530
ISBN-13 ‏ : ‎ 978-0385676533
Item weight ‏ : ‎ 481 g
Dimensions ‏ : ‎ 14.99 x 2.54 x 22.86 cm

Best Sellers Rank: #274 in Books (See Top 100 in Books)
- #6 in Organizational Behaviour (Books)
- #9 in Applied Psychology (Books)
- #11 in Business Processes & Infrastructure

Customer Reviews:
26,649 ratings

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Daniel Kahneman

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Daniel Kahneman (Hebrew: דניאל כהנמן‎, born March 5, 1934) is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases (Kahneman & Tversky, 1973; Kahneman, Slovic & Tversky, 1982; Tversky & Kahneman, 1974), and developed prospect theory (Kahneman & Tversky, 1979).

In 2011, he was named by Foreign Policy magazine to its list of top global thinkers. In the same year, his book Thinking, Fast and Slow, which summarizes much of his research, was published and became a best seller. He is professor emeritus of psychology and public affairs at Princeton University's Woodrow Wilson School. Kahneman is a founding partner of TGG Group, a business and philanthropy consulting company. He is married to Royal Society Fellow Anne Treisman.

In 2015 The Economist listed him as the seventh most influential economist in the world.

Bio from Wikipedia, the free encyclopedia. Photo by see page for author [Public domain], via Wikimedia Commons.

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5 star		74%
4 star		16%
3 star		5%
2 star		2%
1 star		2%

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Top reviews from Canada

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Mike

Some good, some bad

Reviewed in Canada on October 18, 2018

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There are some very interesting concepts in here and I enjoyed part of it. The glowing cover reviews are possibly true, although I have concerns about them as I sure can't verify them. And at this point I'm unsure if I'll try to read the book again.

I found that some parts that involved math were maddeningly frustrating, with the author glossing over statistic calculations with summaries that made little sense. I felt like shouting "show your work" a number of times. And yes, I'm aware that some of it was pretty basic, but if you aren't versed in stats there is a good chance that, like me, the numbers will not make sense. And that means that the points that the numbers were supposed to illustrate do not land well.

There are brief illustrative statements at the end of each chapter that are intended to be everyday instances of concepts, but in a number of cases I ended up not that clear about them, and after a while, you just skim over them because they aren't always strong illustrations of what was just discussed.

A few times the author introduces a concept, names it, then changes the name or...geeze I dunno, I got lost many times, and from the context I know I was supposed to be retaining something key, but the way it is written it isn't that easy. The style is by turns engaging and then dives into dense instruction. The book structure wasn't really clear, and I think it was a bit eccentric, but that could be just me not getting it. By the end I know I didn't feel that the author wrote a general audience book.

I feel that if there had been an editor involved who wasn't a phd in economics or psychology there would have been some significant improvements in readability. I give it 3/5 stars because a few of the discussions were rewarding, but some were just university level gobbledygook.

49 people found this helpful

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soloangel

Hard to read

Reviewed in Canada on June 13, 2020

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I read many books, but I like it when it is easy to read. I didn't find that this book had a good flow. It wasn't very captivating. Too academic. I didn't finish it and resold it. However, many many people were trying to buy it from me, meaning that perhaps for some people it is a great book, so take my recommendations with a grain of salt.

8 people found this helpful

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Orrin Kerr

Enjoyable Must Read for anyone who makes mistakes!

Reviewed in Canada on January 12, 2018

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The fact that the author won the Nobel Prize should not deter anyone from reading this book. Clear and lucid, nothing is beyond the understanding of anyone capable of graduating from high school. There is a surprising amount of humor in it as well.

It is also a book that most people could benefit from reading. The work of Kahneman and Amos Tversky was based on their studies of how people make mistakes. Read this book, and you could avoid a lot of them.

24 people found this helpful

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DSK

Not really a leisure read for those bad with math

Reviewed in Canada on September 20, 2021

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The Author didn't provide a good flow for reader so it was not very engaging for me and didn't keep me wanting to go back for more, but I had to finish for sake of reviews on books. the Book is longer than it needs to be to convey its purpose.

If you're like me and can barely count to ten, then all those formulas and numbers just gets confusing, even though basic.

This reminds me more of peer reviewed research papers rather than a book to read before going to bed.

That being said, this book is indeed informative and provides good insight on decision making and really does have you view things in a different perspective (more in an analytical method) .

2 people found this helpful

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Ramis

Humans are bad decision makers and horrible at statistic.

Reviewed in Canada on June 2, 2017

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Great insights into how our biases lead us to make suboptimal decisions but the book need to be this long? Daniel won a noble prize for essentially proving that the Utility Theory we have been learning in economics for decades is wrong. Utility Theory assumes we are rational decision makers and when we have a choice we will always make the optimal decision. Through creative research methods, Daniel and Co. successfully illustrated that we are in fact not rational and that our biases lead us astray. The book is divided into four segments; first part is focused on how bad we are at statistics; the second part is the main chunk focused on our cognitive biases and decision-making abilities; next, he talks about how we can improve our abilities and be cognizant of these biases; finally, and I enjoyed this part the most, he talks about what makes us happy and divides happiness into the "remembering" and "experiential" happiness. I think the final piece has borrowed some work from Daniel Gilbert's Stumbling Upon Happiness.

Would I recommend it? Absolutely, I have been highly recommending this book to everyone I know. Daniel does an excellent in making this a very readable and enjoyable book.

Cons: The book is fairly longer than it needs to be. Daniel often goes off on a tangent and I lose track of what his point is.

14 people found this helpful

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Addliss

Quite complexed but enlightened after all.

Reviewed in Canada on April 8, 2019

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This is a book to read carefully. (Over and over)
In brief, the author addresses our thinking in two systems. Yet, this distinguishing cannot be understood simply in connection to decision making processes. This book deliberately delinates key concepts of how thinkings for decision makings, should be.

Applying what is written, is our homework!

5 people found this helpful

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Solpheno

great book on rational human choices

Reviewed in Canada on November 11, 2019

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Finally got around to reading this & it’s pretty good!fascinating read on how the human mind makes decisions in day to day stuff from a naturalistic/psychological stand point...good stuff to learn for those looking to better understand how the human mind works when considering options/actions & how to make our best effort to make rational choices & decisions in life.

3 people found this helpful

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Justin

Great

Reviewed in Canada on February 1, 2015

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Daniel Kahneman is one of the only psychologists to receive a Nobel Prize in Economics, and this book displays most of his work over his entire career. One of the first books I read about behavioural psychology, Daniel dives into topics and finds reasons why we violate the rules of probability, why we are afraid of losses, why we choose vacations that result in the best memories rather than the best experiences, and a ton more.

While some parts are quite dense, this book is FILLED with great explanations of cognitive biases and how we can become more aware of them. A recommended first read if you don’t know much about behavioural psychology.

14 people found this helpful

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Dr W. H. Konarzewski

Essential wisdom. Not an easy read but worth persevering.

Reviewed in the United Kingdom on December 9, 2018

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Why do people buy extended warranties that are bad value for money?
Why do we marry people just because they're good in bed?
Why do investors snatch small profits from winning investments whilst allowing large losses to build up in bad investments?
Why do parents deny their children life saving vaccinations for fear of unproven risks?
Why do we think a bird in the hand is worth two in a bush?

On the whole humans are incredibly good at making bad decisions because they allow emotions and moral values to prevail over good sense and simple mathematical calculation. We make snap decisions based on our intuition (fast thinking) and often believe our intuition is superior to logic (slow thinking). For example, President Trump recently said he preferred to listen to his 'gut' than his advisors.

Kahneman examines the reasons why we make bad decisions and indicates ways in which we might make better decisions - even if the better decisions make us feel uncomfortable because they are counterintuitive.

My only problem with this book is that it is so laborious in places that I almost lost interest. Sometimes Kahneman goes on and on about a proposition that has (at least for me) zero interest. If he asks 'How much would you pay for a bowl of roses valued at $59?' I don't have an answer because I'm simply not interested and I don't want to know how much anyone else would pay, or why they would or wouldn't pay it. Perhaps it's just me, but I found some of the propositions too complex to bother with. But to be fair there were some chapters that had me spellbound - maybe because they touched on areas where I make bad decisions.

Overall, this is an important book but spoiled by too much dense argument and irrelevant illustration. It could have contained all the salient points and been reduced to half the length without any dilution of the message.

268 people found this helpful

Binod

Poor paper quality

Reviewed in India on September 26, 2018

Verified Purchase

Don't go with this product. The size of the letters are so small that, I bet, you can't read a page comfortably. I'm not saying anything about the content of the book. The paper quality of the book especially, the size of letters, is so poor that u will regret buying this book. Now it's ur choice.

270 people found this helpful

D. Smyth

Maybe I'm just thick

Reviewed in the United Kingdom on November 23, 2020

Verified Purchase

I'm about 20% of the way through and I am going to struggle to finish this. It started really good, talking about intuitive decision-making vs deliberate and gave a few examples of how our brains can be tricked, but then it never moves on. The whole book is just examples of how we can be wrong, written in infuriating 'you think this because you are so-and-so' language. The book is aimed squarely at Americans as are the examples and the author's assumptions. One 'trick' was explained based on 'because you sang your ABCs as a child". No I didnt, so if that's your basis for the explanation then what now? I just read a section about heuristics but with no explanation of what heuristics involves. The average person on the street doesn't use heuristics. Just thinking about this book is annoying me. You won't get wisdom from this book in my opinion, but imagine if someone listed all their life mistakes and gave you it. You could make a note to not make the same ones, but would you really have learned anything? Maybe if you're planning to enter a psychological 'temple of doom' it's useful to know where the traps are.

40 people found this helpful

@Timothy_Hughes

Understand How You Can Be Manipulated on Social Media

Reviewed in the United Kingdom on April 5, 2018

Verified Purchase

Certainly the most thought provoking book I've read in a long time, so much so I've written a blog about it's conclusion and the impact on social media. More importantly how people are being manipulated on social media by people using the "techniques" outline in this book.
It's not an easy book to read so not one for the beach, but push through and there is a light at the end of the tunnel.

89 people found this helpful

Janie U

Repetitive and impossible to engage with

Reviewed in the United Kingdom on June 4, 2020

Verified Purchase

I bought this book as I am fascinated with the general topic of the thought processes. It has sat on my bookshelf for over two years which shows either I wasn't that interested or something else was putting me off.
Pick up the book and you see there are well over 400 pages using a very small type.
Recently I've tried to engage with the book a couple of times but, as a reader from a non academic background, I find it impossible as it is dull to read and repeats to many of the details.
Clearly a lot of people think this book is great but maybe they are coming at it from the viewpoint of an academic study.
I was interested to read that the audio version is much more palatable so I may come back to that at some point in the future.

36 people found this helpful

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