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Showing posts from October 13, 2013

Thinking Fast and Slow by Daniel Kahneman (Book Recommendation)

"Thinking Fast and Slow" by Daniel Kahneman introduced two fictitious characters in this book, the intuitive system 1, which does the fast thinking, and the effortful and slower system 2, which does the slow thinking, monitors system 1, and maintains control as best it can within its limited resources. Kahneman presented the use and limitations of each system thru research and experiments. System 1 reminds us of the Gladwell's "Blink" and their limitations touches by Taleb's "The Black Swan". It took me long time to finish this book to absorb the essence of each chapter especially in economics, risk management, and investments.