Book Review: Thinking Fast and Slow
This book stands up to its fame. It’s chock-full of precious insights on our decision-making and behavioral processes and how and why we humans are often capable of making informed yet awful decisions. The bad news is that we can hardly avoid most of these biases, no matter how hard we try and even if we know about them. So-called experts in the field are subject to these same biases: their short-term estimates and predictions can even be pretty good, but they will fail miserably in the long term, like any other man or woman....