Thinking, Fast and Slow
Your brain is a flawed profit machine—hack cognitive biases to win.
Daniel Kahneman
Introduction
Nobel-winning insights into System 1 (intuitive) and System 2 (analytical) thinking. Exposes 100+ cognitive biases sabotaging financial decisions.
Highlighted Content
Kahneman's 'loss aversion' theory revolutionized behavioral economics but faces pushback from neuroscientists arguing oversimplification of brain mechanics.
Whether it's valuable to read
Pros
Foundational for decision-making; research-rich yet readable; applicable to investing and negotiations.
Cons
Dense in parts; requires active note-taking to operationalize concepts.
Recommendation Conclusion
Mandatory for traders and negotiators. Skim the experiments—bookmark the 'Cognitive Biases Cheat Sheet' appendix for quick wins.