Think fast! But ideally don't.

In this podcast, Nick, Peter, and Fraser discuss Daniel Kahneman, the Nobel-prize-winning psychologist whose scholarship challenged economists' presumed rationality of human decision-making. From coining the term 'cognitive bias' and the development of prospect theory with Amos Tversky in 1979 to articulating the frequent errors which affect our decision-making heuristics, they reflect on his lasting contributions to economic science.

A few things we mentioned in this podcast:

- Daniel Kahneman, Nobel laureate who upended economics https://www.washingtonpost.com/obituaries/2024/03/27/daniel-kahneman-dead/

- Dual Process Theory https://en.wikipedia.org/wiki/Dual_process_theory

- Living, and thinking about it: Two perspectives on life

https://kahneman.scholar.princeton.edu/sites/g/files/toruqf3831/files/kahneman/files/living_dk_jr_2005.pdf

- Peak-end Rule https://en.wikipedia.org/wiki/Peak%E2%80%93end_rule

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Image: Andreas Weigand via Flickr