“Thinking, Fast and Slow” is a groundbreaking book written by Daniel Kahneman, a Nobel laureate in economics and a psychologist. The book explores the two systems of thinking that drive human decision-making.
System 1 is fast, intuitive, and automatic. It operates effortlessly and is responsible for quick judgments and reactions. System 2 is slow, deliberate, and analytical. It requires conscious effort and is involved in complex reasoning and problem-solving.
Kahneman delves into cognitive biases and heuristics, which are mental shortcuts that System 1 often relies on, leading to errors in judgment. He discusses concepts like the availability heuristic, where people judge the likelihood of events based on how easily they can recall examples.