How We Think About Decisions – the Fast, Slow, and the Lazy

In the book, “Thinking, Fast and Slow”, author and Nobel Prize laureate Daniel Kahneman identifies two thinking systems we possess called “System 1″ and “System 2″. Each system is responsible for a very different kind of thinking – one system isn’t fundamentally better than the other. The trouble occurs when one system jumps in to do work best left to its buddy system. This happens more than we would like to admit, and so it is critical that we have a basic understanding of these systems, the tricks they can play on one another, and how to limit the negative effects of these tricks.

Lucky for you, that’s what we’re going to cover today!

Continue reading