It’s a hallway scene from a high school movie.
“Think fast!”
A football leaves the hands of a student who is most likely wearing a varsity jacket. It’s flying over the heads of teenagers who are moving along the corridor to class.
What happens next? If the receiver is sporty, they’ll jump or dive and somehow catch the ball. However, if the receiver is nerdy, the football will likely hit them square in the face. They didn’t think fast. These two caricatures represent more or less how thinking works in the human mind. The sporty kid is System 1 thinking which kicks into gear when you need split-second, reflexive action or judgement calls. System 1 is fast, impulsive, and responsive to in-the-moment situations. The nerdy kid is System 2 thinking which may not react at the speed of light, but excels at figuring out problems that require deeper consideration. These two systems most often work very well in tandem, although systematic errors arise when System 1 is so on the ball, so to speak, that it often reacts before System 2 has a chance to kick in. If you don’t have time to read on to learn more, check out the video above which explains System 1 and System 2 thinking in about a minute. Daniel Kahneman and The Science of Decision-Making These two modes of thinking were first described by Israeli-American psychologist and behavioral economist, Daniel Kahneman, who won a Nobel prize in 2002. In 2011, he published Thinking, Fast and Slow, a book based on his groundbreaking, Nobel prize-winning research. Selected by The New York Times Book Review as one of the ten best books of 2011, it has since become—and remained—an international bestseller.
Read more at: https://www.blinkist.com/magazine/posts/how-to-get-better-at-decision-making?utm_source=cpp