Kahneman - Two Thinking Systems

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Kahneman fast and slow thinking The articles are expected to adhere to the following structure: Big idea:describe the tool, concept or theory and explain its purpose. The section should reflect the current state of the art on the topic Application:provide guidance on how to use the tool, concept or theory and when it is applicable Limitations:critically reflect on the tool/concept/theory. When possible, substantiate your claims with literature


Contents

Abstract

Desicion making is something we all face everyday. Daniel Kahneman discovered the two operating system of our brains; fast thinking and slow thinking. The discovery of system 1 and 2 shows that the two types of thinking will arrive at different end results with the same input data.

General

System 1

System 2

Practical Example

Heuristic and Biases

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