Kahneman - Two Thinking Systems
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Every day we make decisions from the simple ones as to put on pants or not, to take more complex decisions where large consequences are at stake, such as (when you need) to choose the right material within budget to build a bridge where road users shall be able to cross the river safely. The two types of decisions have different time duration for consideration, where the first decision is rather automated the second one demands more time to investigate the alternatives in order to make the most satisfactorily choice regarding the safety of the road users. | Every day we make decisions from the simple ones as to put on pants or not, to take more complex decisions where large consequences are at stake, such as (when you need) to choose the right material within budget to build a bridge where road users shall be able to cross the river safely. The two types of decisions have different time duration for consideration, where the first decision is rather automated the second one demands more time to investigate the alternatives in order to make the most satisfactorily choice regarding the safety of the road users. | ||
| − | The many years of research performed by noble prize winner of economics, [[Daniel Kahneman]] and [[Amos Tversky]] (died 1996) is distilled into a book titled; [[“Thinking, Fast & Slow”]], which were published by Kahneman in 2011. Kahneman’s thesis has revolutionized the understanding of the human behavior and highlights our cognitive biases and thereby shows the brilliance and the limitations of the human mind. Kahneman discovered the two operating systems of our brain; '''system 1''', which represents fast thinking and '''system 2''', which represents slow thinking. The discovery of this dichotomy shows that the two systems of thinking will arrive at different end-results with identical input of data. | + | The many years of research performed by noble prize winner of economics, [[Daniel Kahneman]] and [[Amos Tversky]] (died 1996) is distilled into a book titled; [[“Thinking, Fast & Slow”]]<ref> Thinking, Fast & Slow by Daniel Kahneman 2011. Retrieved from https://ereolenglobal.overdrive.com/media/590824 </ref>, which were published by Kahneman in 2011. Kahneman’s thesis has revolutionized the understanding of the human behavior and highlights our cognitive biases and thereby shows the brilliance and the limitations of the human mind. Kahneman discovered the two operating systems of our brain; '''system 1''', which represents fast thinking and '''system 2''', which represents slow thinking. The discovery of this dichotomy shows that the two systems of thinking will arrive at different end-results with identical input of data. |
Decision-making is crucial in project, programming, and portfolio management, which makes Kahneman’s groundbreaking discovery essential to the understanding of how we as humans act. This article will focus on the two-thinking systems in relation to project management <ref> Project Management Institute, Inc. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition). Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/toc/id:kpGPMBKP02/guide-project-management/guide-project-management </ref>, how it effects the engine of human thinking and how we can learn to actively use the two systems most effectively when managing projects. | Decision-making is crucial in project, programming, and portfolio management, which makes Kahneman’s groundbreaking discovery essential to the understanding of how we as humans act. This article will focus on the two-thinking systems in relation to project management <ref> Project Management Institute, Inc. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition). Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/toc/id:kpGPMBKP02/guide-project-management/guide-project-management </ref>, how it effects the engine of human thinking and how we can learn to actively use the two systems most effectively when managing projects. | ||
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Revision as of 22:28, 17 February 2021
Every day we make decisions from the simple ones as to put on pants or not, to take more complex decisions where large consequences are at stake, such as (when you need) to choose the right material within budget to build a bridge where road users shall be able to cross the river safely. The two types of decisions have different time duration for consideration, where the first decision is rather automated the second one demands more time to investigate the alternatives in order to make the most satisfactorily choice regarding the safety of the road users.
The many years of research performed by noble prize winner of economics, Daniel Kahneman and Amos Tversky (died 1996) is distilled into a book titled; “Thinking, Fast & Slow”[1], which were published by Kahneman in 2011. Kahneman’s thesis has revolutionized the understanding of the human behavior and highlights our cognitive biases and thereby shows the brilliance and the limitations of the human mind. Kahneman discovered the two operating systems of our brain; system 1, which represents fast thinking and system 2, which represents slow thinking. The discovery of this dichotomy shows that the two systems of thinking will arrive at different end-results with identical input of data.
Decision-making is crucial in project, programming, and portfolio management, which makes Kahneman’s groundbreaking discovery essential to the understanding of how we as humans act. This article will focus on the two-thinking systems in relation to project management [2], how it effects the engine of human thinking and how we can learn to actively use the two systems most effectively when managing projects.
Contents |
General
System 1
System 2
Heuristic and Biases
Practical Examples
Limitations
Annotated Bibliography
Project Management Institute, Inc. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition). Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/toc/id:kpGPMBKP02/guide-project-management/guide-project-management
References
- ↑ Thinking, Fast & Slow by Daniel Kahneman 2011. Retrieved from https://ereolenglobal.overdrive.com/media/590824
- ↑ Project Management Institute, Inc. (2017). Guide to the Project Management Body of Knowledge (PMBOK® Guide) (6th Edition). Project Management Institute, Inc. (PMI). Retrieved from https://app.knovel.com/hotlink/toc/id:kpGPMBKP02/guide-project-management/guide-project-management
