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- Title
Alternative Framings at the Gate: Exploring Beyond 'Thinking, Fast & Slow'.
- Authors
Parth, Shalini
- Abstract
The article provides an overview of the book "Thinking, Fast and Slow" by Daniel Kahneman, which delves into human behavior and decision-making. It explores the limitations of intuition and the biases that can influence our choices. The book is divided into five parts, covering various topics such as different thinking systems, heuristics and biases, overconfidence, choices, and the experiencing self versus the remembering self. While the book has had a significant impact on fields like psychology, economics, finance, law, and policy-making, there are concerns about its applicability to diverse cultures and backgrounds, as well as the extent to which we can overcome intuitive thinking. The article critically examines the concept of intuition, referencing studies and quotes from influential figures to support its arguments. It also raises questions about the methodology used to study intuition and highlights replication issues with cognitive biases. The author discusses the concept of regression to the mean, critiques the prospect theory and loss aversion, and questions the methodology used to identify two selves. While the book offers interesting insights, the article suggests that more research is needed to establish its theories. It emphasizes the importance of considering multiple perspectives and gathering sufficient information before making decisions in a fast-paced and unpredictable world. The article also highlights the role of heuristics and cautions against relying solely on data and algorithms.
- Subjects
PROSPECT theory; LOSS aversion; AUTOMATICITY (Learning process); BEHAVIORAL sciences; SOCIAL psychology; PERCEIVED control (Psychology)
- Publication
Indian Journal of Industrial Relations, 2024, Vol 59, Issue 3, p501
- ISSN
0019-5286
- Publication type
Article