This book contains some profoundly important concepts around how people make decisions. It will help you understand why humans sometimes make errors in judgment, and how to look for signs that you yourself may be about to make a System 1 error. Here are some of the most important takeaways from the book. We have a Two System way of thinking - System 1 (Thinking Fast), System 2 (Thinking Slow).
System 1 is the intuitive, “gut reaction” way of thinking and making decisions. System 2 is the analytical, “critical thinking” way of making decisions. System 1 forms “first impressions” and often is the reason why we jump to conclusions. System 2 does reflection, problem-solving, and analysis.