Thinking, Fast and Slow
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"We can be blind to the obvious, and we are also blind to our blindness."
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"Nothing in life is as important as you think it is when you are thinking about it."
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"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."
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"The idea that the future is unpredictable is undermined every day by the ease with which the past is explained."
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"When directly compared or weighted against each other, losses loom larger than gains."
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"The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct."
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"This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution."
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"Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."
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"We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events."
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"The experiencing self does not have a voice. The remembering self is sometimes wrong, but it is the one that keeps score and governs what we learn from living, and it is the one that makes decisions."
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Introduction
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Chapter summary
This outline follows the Farrar, Straus and Giroux hardcover edition (25 October 2011; ISBN 978-0-374-27563-1).[1]
I – Two Systems
👥 1 – The Characters of the Story.
🎯 2 – Attention and Effort.
🦥 3 – The Lazy Controller.
🧩 4 – The Associative Machine.
😌 5 – Cognitive Ease.
🎉 6 – Norms, Surprises, and Causes.
🤸 7 – A Machine for Jumping to Conclusions.
⚖️ 8 – How Judgments Happen.
🔄 9 – Answering an Easier Question.
II – Heuristics and Biases
🔢 10 – The Law of Small Numbers.
⚓ 11 – Anchors.
📊 12 – The Science of Availability.
⚠️ 13 – Availability, Emotion, and Risk.
🎓 14 – Tom W’s Specialty.
👩 15 – Linda: Less is More.
🔗 16 – Causes Trump Statistics.
📉 17 – Regression to the Mean.
🐎 18 – Taming Intuitive Predictions.
III – Overconfidence
🪞 19 – The Illusion of Understanding.
✅ 20 – The Illusion of Validity.
➗ 21 – Intuitions vs. Formulas.
🧠 22 – Expert Intuition: When can we trust it?.
🌍 23 – The Outside View.
⚙️ 24 – The Engine of Capitalism.
IV – Choices
🎲 25 – Bernoulli’s Errors.
📈 26 – Prospect Theory.
🪙 27 – The Endowment Effect.
💥 28 – Bad Events.
🧮 29 – The Fourfold Pattern.
🦄 30 – Rare Events.
🛡️ 31 – Risk Policies.
🏅 32 – Keeping Score.
🔃 33 – Reversals.
🖼️ 34 – Frames and Reality.
V – Two Selves
🫂 35 – Two Selves.
📖 36 – Life as a Story.
🙂 37 – Experienced Well-Being.
🤔 38 – Thinking About Life.
Related content & more
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References
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