Reading Reflection No. 3
Third Book Selection: Thinking Fast and Slow by Daniel Kahneman
I have mixed feelings about this book. Some of the studies are really interesting and I find them very helpful. However, The beginning chapters seem as if the author put a group of journal articles together to develop part of the book. The first parts of this book, Part 1 and 2 are strongly focused on the author himself trying to convince the reader that it is better to think statistically rather than instinctively / intuitively. After stating countless studies to support his premise, the author (very briefly) in Chapter 21 admits that “formulas based on statistics or on common sense” Doesn’t common sense fit into instinct or intuition?
Then the author accept that intuition adds value but only to the extent that the individual bases it of sufficient research. However, there is some evidence that also says that many of the studies referenced in this book were not able to be reproduced, adding more speculation on the evidence supporting the author’s premise.
Overall, the book is a lengthy, self-conscious and a challenging read but highly recommended if you're interested in why human beings behave the way they behave.
this book discusses the rational and irrational thinking of humans, discussing two systems that make decisions- fast-pace thinking and slow-pace thinking. Fast-pace thinking - type of decisions that are made on a daily basis with the most consistency in our lives. Slow-pace thinking - type of thinking is more problem solving and analytical. If the problem is larger in scale, people make mistake choosing fast-pace thinking because it is often rushed thinking, not looking at all the facts.
The book definitely fits the course because it talks about important aspect of all entrepreneurs. As entrepreneurs, we have to make informative decisions that are in our best interest. The exercise I would have students engage think about 3 wrong desision you made and analyze why they were incorrect? (Maybe the reason Fast-pace thinking when slow was needed or other way around?)
I have mixed feelings about this book. Some of the studies are really interesting and I find them very helpful. However, The beginning chapters seem as if the author put a group of journal articles together to develop part of the book. The first parts of this book, Part 1 and 2 are strongly focused on the author himself trying to convince the reader that it is better to think statistically rather than instinctively / intuitively. After stating countless studies to support his premise, the author (very briefly) in Chapter 21 admits that “formulas based on statistics or on common sense” Doesn’t common sense fit into instinct or intuition?
Then the author accept that intuition adds value but only to the extent that the individual bases it of sufficient research. However, there is some evidence that also says that many of the studies referenced in this book were not able to be reproduced, adding more speculation on the evidence supporting the author’s premise.
Overall, the book is a lengthy, self-conscious and a challenging read but highly recommended if you're interested in why human beings behave the way they behave.
this book discusses the rational and irrational thinking of humans, discussing two systems that make decisions- fast-pace thinking and slow-pace thinking. Fast-pace thinking - type of decisions that are made on a daily basis with the most consistency in our lives. Slow-pace thinking - type of thinking is more problem solving and analytical. If the problem is larger in scale, people make mistake choosing fast-pace thinking because it is often rushed thinking, not looking at all the facts.
The book definitely fits the course because it talks about important aspect of all entrepreneurs. As entrepreneurs, we have to make informative decisions that are in our best interest. The exercise I would have students engage think about 3 wrong desision you made and analyze why they were incorrect? (Maybe the reason Fast-pace thinking when slow was needed or other way around?)
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