Thinking, Fast and Slow by Daniel Kahneman – Heuristics and Biases

Today I have posted the second video in my series on ‘Thinking Fast and Slow’ by Daniel Kahneman. This part is about Heuristics and Biases.

If you are not already familiar with the work of Kahneman we recommend that you check out our blog post on the other video on ‘Thinking, Fast and Slow’ where we focus on ‘System 1’ and ‘System 2’ here.

The book offers a better understanding of ‘how decisions are made’, ‘why certain judgment errors are so common’ and ‘how we can improve ourselves’.

In this video, we will focus on some key definitions from the second part of the book called: Heuristics & Biases.

Here Kahneman demonstrates repeatedly how easily Heuristic methods and Biases can lead to misinterpretations and misunderstandings. This is due to the fact that the automatic System 1 finds relationships and causality where none exist and hence assign greater meaning to something that actually occurred due to chance.

I highly recommend reading ‘Thinking, Fast and Slow’, but should you feel short on time you can watch our animated summary by clicking this link check out the video here.

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Take care and see you soon.

This is our Bouillon Cube summary of the book. As always we highly recommend reading the whole book. You can buy it by clicking this link.