Contents: Pt. I TWO SYSTEMS -- The Characters Of The Story -- Attention And Effort -- The Lazy Controller -- The Associative Machine -- Cognitive Ease -- Norms, Surprises, And Causes -- A Machine For Jumping To Conclusions -- How Judgments Happen -- Answering An Easier Question -- Pt. II HEURISTICS AND BIASES -- The Law Of Small Numbers -- Anchors -- The Science Of Availability -- Availability, Emotion, And Risk -- Tom W'S Specialty -- Linda: Less Is More -- Causes Trump Statistics -- Regression To The Mean -- Taming Intuitive Predictions -- Pt. III OVERCONFIDENCE -- The Illusion Of Understanding -- The Illusion Of Validity -- Intuitions Vs. Formulas -- Expert Intuition: When Can We Trust It? -- The Outside View -- The Engine Of Capitalism -- Pt. IV CHOICES -- Bernoulli't Errors -- Prospect Theory -- The Endowment Effect -- Bad Events -- The Fourfold Pattern -- Rare Events --How do we form impressions and make decisions? In Thinking Fast and Slow, Daniel Kahneman, winner of the Nobel Prize in Economic Sciences for his seminal work on rationality and decision making, introduces the "machinery of the mind." Two systems drive the way we think and make choices: System One is fast, intuitive, and emotional; System Two is slower, more deliberative, and more logical. Examining how both systems function within the mind, Kahneman exposes the extraordinary capabilities as well as the biases of fast thinking and the pervasive influence of intuitive impressions on our thoughts and our choices. Engaging the reader in a lively conversation about how we think, he shows where we can trust our intuitions and how we can tap into the benefits of slow thinking, contrasting the two-system view of the mind with the standard model of the rational economic agent. Kahneman's singularly influential work has transformed cognitive psychology and launched the new fields of behavioral.Includes bibliographical references (p. 447-481) and index.Risk Policies -- Keeping Score -- Reversals -- Frames And Reality -- Pt. V TWO SELVES -- Two Selves -- Life As A Story -- Experienced Well-Being -- Thinking About Life -- CONCLUSIONS -- Appendix A Judgment Under Uncertainty -- Appendix B Choices, Values, And Frames.Summary: Kahneman exposes the extraordinary capabilities and also the faults and biases of fast thinking, and the pervasive influence of intuitive impressions on peoples' thoughts and choices.