This book is the bible of behavioural economics. After introducing 'System 1' and 'System 2', the 'fast' and 'slow' thinking from the title, this episode dives into more of the applications of this discovery.

THIS episode:

 Over confidence:

 - Narrative fallacy

 - Hindsight/outcome bias

Choices:

 - Intuitions vs formulas

 - Planning fallacy

 - Loss aversion

 - Sunk cost fallacy

Two selves:

 - Experiencing vs the remembering self

Thinking Fast and Slow features highly in our top 50, for the full list download for free at: www.whatyouwilllearn.com/top50

Hosted on Acast. See acast.com/privacy for more information.