10 BEST IDEAS | Thinking Fast And Slow | Daniel Kahnerman | Animated Book Summary

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Change the way you think in this animated book summary of Thinking Fast and Slow by Daniel Kahneman. This explainer video covers 11 heuristics and biases. Learn how to use them to your advantage throughout your daily lives! Explainer Video by OnePercentBetter.

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★SUMMARY
In his book Thinking Fast and Slow, Daniel Kahneman takes us on a groundbreaking tour of the mind and explains the 2 systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. Kahneman exposes the extraordinary capabilities—and also the faults and biases—of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior.The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation—each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions.

★HIGHLIGHTS
LESSON 1: Priming
LESSON 2: Cognitive Ease
LESSON 3: The Straw Man Fallacy
LESSON 4: The Law of Small Numbers
LESSON 5: Anchoring
LESSON 6: The Availability Heuristic
LESSON 7: The Availability Cascade
LESSON 8: The Sunk-Cost Fallacy
LESSON 9: Prospect Theory & Loss Aversion
LESSON 10: The Endowment Effect
LESSON 11: Duration Neglect & The Peak-End Rule

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