Thinking Fast And Slow Summary (Daniel Kahneman)

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      Lesson summary:

      The video discusses the concepts presented in Daniel Kahneman’s book “Thinking Fast and Slow,” which explores how the human mind perceives and analyses its surroundings through two systems: System 1, which is fast thinking, and System 2, which is slow thinking. 

      The video highlights the implications of these concepts for investors, such as the importance of committing to an investment process, the impact of priming and anchoring biases on decision-making, and the need to avoid relying on cognitive ease or substitution. The video also emphasises the importance of understanding the framing effect in interpreting financial reports.

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