Thinking, Fast and Slow

Published in 2011 by Daniel Kahneman

What does a psychologist who won the Nobel Prize in Economics have to teach Airmen? His theories on decision making shifted thinking from a robotic utility‐maximizing, rational actor model to something more recognizable — sometimes human decisions are irrational often prone to fallacies. Why do we too often underestimate the time and money it will take to complete a project? What makes us risk averse, especially when lives aren’t on the line? Kahneman explains how our brains are built to favor mental shortcuts and how this “fast” thinking can create big problems.

Daniel Kahneman

About The Author

Daniel Kahneman is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.