
Bookworm 87: Thinking, Fast and Slow by Daniel Kahneman
Two Systems of Thinking
- System 1 thinking relies on intuition and gut reactions for quick decisions.
- System 2 thinking involves deliberate thought and effort for complex problems.
Balancing System 1 and 2
- System 1 thinking, though automatic and quick, can be intellectually lazy and biased.
- System 2, while rational, requires effort and can be lazy, highlighting the need for balance.
Extrapolating Small Numbers
- Joe Buhman recounts extrapolating limited successful crop trials into marketing material.
- More data revealed the initial "winners" had subsequently lost, demonstrating the bias of small numbers.




































What causes us to act the way we do? Today’s book offers a comprehensive look into the depths of behavioral science. Join Joe & Mike as they examine their own cognitive biases in an effort to understand why they have a tendency to make dumb decisions.
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