I have learnt many new things from the brilliant book by Daniel Kahneman, though I’ve found it hard to read. This post is to sum up my key takeaways.
There are two ways how we think. Decisions made can be based on the fast, automatic thought process (System 1) or on slow, more rational and logical thinking (System 2).
There are benefits of both systems, the problem is when we use System 1 where System 2 would be more appropriate to be used.
This is where we arrive to biases.