Ep267 - Daniel Kahneman | Thinking, Fast and Slow

Nobel Prize-winning psychologist Daniel Kahneman visits Google to discuss his book "Thinking, Fast and Slow." In this Talk, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think - System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. Kahneman exposes the extraordinary capabilities—and also the faults and biases—of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior. Imagine things such as, the impact of loss aversion and overconfidence on corporate strategies; the difficulties of predicting what will make us happy in the future; the challenges of properly framing risks at work and at home; the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation—each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions. Kahneman's book reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. "Thinking, Fast and Slow" will transform the way you think about thinking. Originally published in November of 2011. Visit YouTube.com/TalksatGoogle to watch the video.