Money and Finance
Daniel Kahneman's Long Now Talk
Link to video: Daniel Kahneman: Thinking Fast and Slow
Before a packed house, Kahneman began with the distinction between what he calls mental “System 1”---fast thinking, intuition---and “System 2”---slow thinking, careful consideration and calculation. System 1 operates on the illusory principle: What you see is all there is. System 2 studies the larger context. System 1 works fast (hence its value) but it is unaware of its own process. Conclusions come to you without any awareness of how they were arrived at. System 2 processes are self-aware, but they are lazy and would prefer to defer to the quick convenience of System 1.
“Fast thinking,” he said, “is something that happens to you. Slow thinking is something you do.“
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Related book (with a Kindle price of just $2.99): Thinking, Fast and Slow
[H/T Eric Nehrlich]
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Daniel Kahneman, In Conversation With Cass Sunstein
On February 3, 2014, Daniel Kahneman, Nobel Prize-winning author of Thinking, Fast and Slow, spoke with Cass Sunstein, Robert Walmsley University Professor in Spangler Auditorium at Harvard Business School. Link [H/T The Big Picture] ...................
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Daniel Kahneman On Charlie Rose
Link to: Daniel Kahneman on Charlie Rose.................... Related book: Thinking, Fast and Slow Related previous posts: Michael Lewis profiles Daniel Kahneman Authors@Google: Daniel Kahneman
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Humans Are Naturally Bad Investors - By Edward Chancellor
The aim of investment is, in the words of John Maynard Keynes, to “defeat the dark forces of time and ignorance”. Today, those forces appear as dark as at any time in our history. Rather than despairing, it is time to consider how we make decisions...
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Sam Harris Asks Daniel Kahneman A Few Questions
Much of your work focuses on the limitations of human intuition. Do you have any advice about when people should be especially hesitant to trust their intuitions? When the stakes are high. We have no reason to expect the quality of intuition to improve...
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Freeman Dyson Reviews Kahneman’s “thinking, Fast And Slow”
Found via Farnam Street. Link to Dyson’s review: How to Dispel Your Illusions………………..Book: Thinking, Fast and SlowRelated previous post: Authors@Google: Daniel Kahneman
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