Review: Thinking, Fast and Slow

Thinking, Fast and Slow by Daniel Kahneman
My rating: 5 of 5 stars

One of the best books i have read (nonfictional), due to all the knowledge it conveys and also the way it's written -simple, clear and sound - with direct impact on your day-to-day life.

It explains how you make decisions and how you can mitigate your unintended mistakes (cognitive and emotional), by creating barriers/processes, when appropriate, to guide you through (system 1 and system 2). Its also discloses:
- several behavioral cognitive biases (with sound and surprising examples);
- presents the way you make choices (prospect theory, risk aversion and risk seeking and its fundamentals, among others);
-distinguishes the Humans (us) and Econs (the humans as per the in classic economic theory - Rational Economic Man) and finally;
- differentiates between the "experience self" and the "remembering self" and its sound implication on decision making.

A book i will always keep at hand, so i can easily consult/read/study it again and again, because after you read it you become aware of the daily mental flaws, but you will be pushed to continue to persevere on the same mistakes/misbehaviors.

Highly recommend its reading (or even study) for all readers, not only people interested in psychology, finance, economics, etc...


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