Thinking, Fast and Slow - Daniel Kahneman

agents in classical economics and in behavioral economics (which borrows from psychology),
and between the automatic System 1 and the effortful System 2. I return to the virtues of
educating gossip and to what organizations might do to improve the quality of judgments and
decisions that are made on their behalf.
Two articles I wrote with Amos are reproduced as appendixes to the book. The first is the
review of judgment under uncertainty that I described earlier. The second, published in 1984,
summarizes prospect theory as well as our studies of framing effects. The articles present the
contributions that were cited by the Nobel committee—and you may be surprised by how
simple they are. Reading them will give you a sense of how much we knew a long time ago,
and also of how much we have learned in recent decades.
Part 1
Two Systems
The Characters of the Story
To observe your mind in automatic mode, glance at the image below.
Figure 1