Thinking, Fast and Slow
Nobel laureate Daniel Kahneman reveals two systems of thought: System 1 (fast, intuitive, error-prone) and System 2 (slow, deliberate, lazy), and how their interplay produces systematic cognitive biases. Prospect theory shows that people feel losses roughly twice as intensely as gains, explaining why investors sell winners too early and hold losers too long. The research underpins modern behavioral finance and decision science.
Nobel-winning psychologist on the two systems of thought driving every investment decision. The dominant behavioral-finance text of the 21st century.
Tagged intermediate in the Ledge Reads catalog: assumes working familiarity with market and accounting basics.
What it covers
- System 1 / System 2
- Prospect Theory
- Loss Aversion
- Cognitive Biases
- Anchoring
- Availability Heuristic
- Overconfidence
- Framing Effects
- Behavioral Economics
- Nobel Prize
Where Oxford Ledge teaches these ideas
Concepts this book covers appear in these LEARN modules:
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ISBN-10: 0374533555
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