Thinking Fast and Slow: How Brains Make Decisions [Cog Biases #6]
The surprising psychology of rationality, bias, numbers and happiness.\n\nDaniel Kahneman's 'Thinking Fast and Slow' explores the interplay between our fast, intuitive thinking (System 1) and our slow, rational thinking (System 2).\nSam discusses various cognitive biases and how our thinking systems cause them such as the anchoring effect, availability heuristic, confirmation bias, and overconfidence bias.\n\nHe also covers fundamental theories like prospect theory and the peak-end rule, offering practical insights on fostering happiness and making better life choices. Stay tuned to learn more about how our brains work and how we can use this knowledge for self-improvement.\n\n\nSponsors:\nManScaped: Men's grooming at its best.\n20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth\n\nShortForm: Summaries of the world's best books.\nFree trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology\n\nSleepyClub: Doctor-approved natural sleeping aid that improves sleep quality.\n20% discount - code 'GROWTH20' - SleepyClub.co.uk\n\nMeet Sam\n\nFree Call - Schedule Link\n\n\nGrowth Mindset Psychology:\nSam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.\n\n\nWatch - YouTube (Growth Mindset)\n\n\n\nWebsite - GrowthMindsetPodcast.com\n\n\n\nInsta - SamJam.zen\n\n\n\nNewsletter - Expansive Thinking\n\n\n\nChapters:\n00:00 Understanding Cognitive Biases, comedy and systems of thinking\n02:50 Deep Dive into System One and System Two Thinking\n04:15 How System 1 and System 2 Work Together\n05:40 System 1's Impact on Decision Making\n07:18 System 1 and Politics\n10:20 The Teenage Brain and System 2 Development\n11:24 Cognitive Biases and Their Impact\n16:34 The Law of Large Numbers\n21:29 Prospect Theory and Risk Assessment\n21:46 The Cookie Analogy: Understanding Loss Aversion\n22:31 Rationality and Utility Theory in Economics\n24:30 Prospect Theory: Perception of Value and Risk\n26:06 Probability and Decision Making\n28:19 The Experiencing Self vs. The Remembering Self\n30:07 The Peak-End Rule and Its Impact on Memory\n33:45 Balancing Moment-to-Moment Pleasure and Long-Term Satisfaction\n36:56 The Focusing Illusion: What Really Matters\n42:33 Final Thoughts and Recommendations\nLearn more about your ad choices. Visit podcastchoices.com/adchoices