Thinking fast and slow is about the two ways we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation―each of these can be understood only by knowing how the two systems shape our judgments and decisions.
I think we had to use both these systems in this class when thinking about our product, consumers, and strategies. My biggest aha moment was just realizing there were two different types of thinking.
HI, Courtney. I enjoyed reading your post. I am confused though, which book did you end up reading. I think you could mention the title. I think it would make this post less vague. I agree though, that there is two different ways of thinking. Those two general categories really hit the nail on the head. Every other way of thinking seems to fall under one of those two categories.
ReplyDeleteThank you Courtney, I am also a bit confused as to what book you read. It does however seem like you learned something about applying various systems to your life. Ultimentally as long as you are getting great knowledge from whatever book you read, that is what truly matters in this class and I like how you tied it back to what we learned in this course.
ReplyDeleteAs someone who owns and read "Thinking Fast and Slow", I understand what you're trying to convey here. I also understand Alex and Stephen's confusion though. Grammar is key! I'm not sure I agree with your interpretation that we can understand these biases 'simply' by knowing which system they use. The dual-systems view is meant to outline what general action/reaction should be made to a particular situation, not totally define it.
ReplyDeleteI have not read the book that you decided to talk about but I think I understand the ideas that you are portraying here. It seems that based on what you have stated in this post that you are taking the ideas you have learned and using them in a constructive way. I might have to read this book for myself to help with my entrepreneurial journey! Great job!
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