Episode 137 – Thinking Fast and Slow

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A repeat of episode 112. Sorry about the audio quality.

In this episode, The Fist and Simon do a book review of Thinking Fast and Slow by Daniel Kahneman.

The phenomenal New York Times Bestseller by Nobel Prize-winner Daniel Kahneman, Thinking Fast and Slow offers a whole new look at the way our minds work, and how we make decisions. Why is there more chance we’ll believe something if it’s in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast, intuitive thinking, and slow, rational thinking. This book reveals how our minds are tripped up by error and prejudice (even when we think we are being logical), and gives you practical techniques for slower, smarter thinking. It will enable to you make better decisions at work, at home, and in everything you do.

Buy it here.

03:07 What is Fast and Slow thinking

09:20 Sequencing matters

10:29 A new meeting procedure

13:00 Anchoring, Redwood tees, real estate, sentencing

19:30 Kidney cancer, small numbers, class sizes, and the mean

25:26 Highly intelligent women on average tend to marry less intelligent men

27:35 The experiments are deceptive

30:07 The seizure in a booth experiment. We infer the general from the particular but not the particular from the general.

36:32 The Patreon account should be updated to take advantage of anchoring

39:30 A bad font leads to better comprehension

45:08 We hate losing more than we like winning

48:42 How well we remember experiences and the cold water torture test.

55:06 The benefits of a premortem