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Overview
In Thinking, Fast and Slow (2011), Daniel Kahneman, psychologist and winner of the 2002 Nobel Prize in Economics, explains the two systems that drive the way we think
. Summarizing what he learned over decades as a research psychologist while working with longtime writing partner Amos Tversky and others, Kahneman argues that when people form opinions or make decisions, they fall into predictable mistakes due to an assortment of psychological phenomena. Thinking, Fast and Slow describes how Kahneman and Tversky developed prospect theory, an attempt to model human decision-making that has become a cornerstone idea of behavioral economics, a branch of economics that seeks to learn from research on human psychology.Explore a full book summary & analysis, a discussion of the main ideas, useful definitions of 20 scientific terms that appear in the book, and explanations of important quotes in Thinking, Fast and Slow.
