Thinking Fast and Slow

Daniel Kahneman. Farrar, Straus and Giroux, $30 (512p) ISBN 978-0-374-27563-1
The mind is a hilariously muddled compromise between incompatible modes of thought in this fascinating treatise by a giant in the field of decision research. Nobel-winning psychologist Kahneman (Attention and Effort) posits a brain governed by two clashing decision-making processes. The largely unconscious System 1, he contends, makes intuitive snap judgments based on emotion, memory, and hard-wired rules of thumb; the painfully conscious System 2 laboriously checks the facts and does the math, but is so "lazy" and distractible that it usually defers to System 1. Kahneman uses this scheme to frame a scintillating discussion of his findings in cognitive psychology and behavioral economics, and of the ingenious experiments that tease out the irrational, self-contradictory logics that underlie our choices. We learn why we mistake statistical noise for coherent patterns; why the stock-picking of well-paid investment advisers and the prognostications of pundits are worthless; why businessmen tend to be both absurdly overconfident and unwisely risk-averse; and why memory affects decision making in counterintuitive ways. Kahneman's primer adds to recent challenges to economic orthodoxies about rational actors and efficient markets; more than that, it's a lucid, marvelously readable guide to spotting—and correcting—our biased misunderstandings of the world. Photos. (Nov.)
Reviewed on: 10/03/2011
Release date: 10/01/2011
Show other formats
FORMATS
Compact Disc - 978-0-307-98970-3
Downloadable Audio - 978-0-307-98971-0
Hardcover - 499 pages - 978-1-84614-055-6
Paperback - 556 pages - 978-89-349-5615-0
Hardcover - 512 pages - 978-0-385-67651-9
Compact Disc - 16 pages - 978-0-7393-5798-9
Paperback - 512 pages - 978-0-385-67653-3
Paperback - 499 pages
Open Ebook - 978-0-385-67652-6
Open Ebook - 512 pages - 978-1-4299-6935-2
X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Email Address

Password

Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.