Review of “Thinking Fast and Slow” by Daniel Kahneman, Penguin (Australia), 2012.
Kahneman, a Nobel Laureate in Economics, is mainly about the factors that can influence our behaviours in financial choices and other situations where we are making decisions. The Professor’s likely purpose is to inform rather than to instruct. The topics I touched in the above discussion does not do justice to the book as it covers many topics such as prospect theory, affective forecasting, regression to the mean, endowment effect, halo effect and more that were not discussed here. The examples and discussions in the book have many lessons for us to contemplate about our routine behaviours with a more grounded perspective. Thus, Prof. Kahneman’s book is an extremely valuable addition to any collection of books on human nature. Millions of readers have already come to this conclusion by making this book a best seller.
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