Saturday, July 28, 2018

Thinking Fast and Slow, by Daniel Kahneman

This is a book about how we make decisions. It is a very high-level book and not for beginners. The author describes how even educated and very scholarly people make all sorts of errors in decision-making. In fact, he admits that he also makes some of these errors, as they are hard to avoid. It is an honest book, but leaves the reader wondering how people are ever supposed to master the art of logical decision-making, since our minds are so full of glitches.

On the plus side, this book is very engagingly written. It was a New York Times bestseller. The author was a winner of the Nobel Prize in Economics.

Your understanding of the mathematical fields of chance and probability will most likely have a lot to do with what you take away from reading this book. The average person would probably say that if she has a complex problem to solve, she will just flip a coin!

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