Thinking Fast and Slow by Daniel Kahneman
1.
General theme
People have 2 systems of thinking, system 1 is fast, what we know
from instinct and without much second thought. We would consider it our
emotional initial reaction. Then there is the system 2, as you would guess, it’s
slow, more paced thoughts and well thought through and logical.Then the author uses the anchoring effect to explain how the 2 systems connect.
2.
How did the book, in your opinion, connect
with and enhance what you are learning in ENT 3003?
The book by Daniel Kahneman connects with what we are learning in
ENT because there are some decisions in our business venture that we may want
to decide immediately, (e.g things that we believe are right, whether that be
our target market, the logistics of the venture, where we are going to sell it)
and that would be considered system 1. But in reality we need to be more deliberate
with our thoughts (System 2 thinking) and be more logical with it rather than
immediately acting on our instincts. By doing so, we see the flaws in our
ventures and are able to fix them before we “launch” our venture.
3.
If you had to design an exercise for this
class, based on the book you read, what would that exercise involve?
I would make them think of 20 items where they use System 1
thinking-they choose without hesitation, things that you react instinctually about. Then I would make them think of 20 things that require System 2
thinking- things that take more time. Very much like the bug list assignment we
had. It's ironic because because they will slowly use system 2 as they taper towards the end of their lists.
4.
What was your biggest surprise or 'aha' moment
when reading the book? In other words, what did you learn that differed most
from your expectations?
The aha moment is when they said we use system 1-fast thinking,
more than system 2. It’s odd to consider because I usually consider myself a paced
person that thinks through things logically. But I guess I forget all of the
small, instinctual decisions we make on a day to day basis.
Great job on your reading reflection! I think you have a great understanding of the book and were able to convey what the book was about to your blog followers. I never would've guessed we had two systems of thinking, I honestly didn't know how many we would have. I guess it makes sense that we would use system 1 (fast) more often because, I know for myself, I like things to be done in a quick and timely manner. I hate when things are done in a slow manner or when people take their sweet time (especially when I'm in a hurry).
ReplyDeleteHI Bichgiang! I enjoyed reading your post about this book. After reading your summary of this book, I was reminded of the book I read for the second reading reflection, Mindsets by Carol Dweck. In this book the author, Dweck, identified two types of mindsets; the growth mindset and the fixed mindset. This class has made students use slow thinking and adopt a growth mindset. I think that slow thinking can be frustrating sometimes, as I found with this class, but in the end the results are much more clear and precise than they would be using the quick thinking approach.
ReplyDeleteI read the same book and was also surprised by the fact that we tend to use system 1 more often. When decisions matter, we often use system 2 and logically go through the decision-making process to arrive at the best possible path. The majority of decisions don’t really matter which is why we use system 1 more. For system 1, there are so many smaller decisions we make that we don’t even realize. We use heuristics and instincts to make these decisions.
ReplyDeleteBichgiang,
ReplyDeleteYour reflection on Thinking Fast and Slow by Daniel Kahneman is very thorough and intriguing. I would be interested to read about how our two speeds of thinking interact and how they are different for each person. I think the exercise you created was interesting and would be fun to participate in. In addition, I would have had the same ‘aha’ moment as you, because I also see myself as a very logical and methodical thinker. Overall, you did a great job.