Life Since the Baby Boom β’ 1383 implied HN points β’ 12 Feb 25
- Daniel Kahneman showed that people often donβt act like the rational thinkers we expect. He studied how we make decisions and found many biases that affect our judgment.
- He worked with Amos Tversky and together they explored how our minds trick us. Their ideas laid the foundation for behavioral economics, changing how we think about choices.
- Kahneman's book 'Thinking Fast and Slow' explains our two types of thinking: fast reactions and slower, more careful thinking. Understanding this can help us make better decisions.