Thinking, Fast and Slow
Apr
16
06:30 PM - 07:45 PM
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Organizations are slow thinkers
Professor Daniel Kahneman gave an overview of his book “Thinking, Fast and Slow.” His lecture was open to the public. Kahneman distinguishes between fast thinking and slow thinking. Slow thinking could be described as conscious, informed thinking, fast thinking as unconscious and instinct. Both slow and fast thinking are part of human nature, as are risk aversion and optimism. According to Kahneman, people respond more strongly to losses than to gains. Risk or loss aversion leads people to resist change and to try to preserve the status quo. Being too optimistic doesn’t help either as optimists tend to underestimate risks. Kahneman compares an organization with a slow thinker and sees a number of advantages in this. In his view, organizations are better able to avoid bias and unjustified optimism, and their leaders are less susceptible to loss aversion as they are taking decisions on behalf of others.
Professor Daniel Kahneman gave an overview of his book “Thinking, Fast and Slow.” His lecture was open to the public. Kahneman distinguishes between fast thinking and slow thinking. Slow thinking could be described as conscious, informed thinking, fast thinking as unconscious and instinct. Both slow and fast thinking are part of human nature, as are risk aversion and optimism. According to Kahneman, people respond more strongly to losses than to gains. Risk or loss aversion leads people to resist change and to try to preserve the status quo. Being too optimistic doesn’t help either as optimists tend to underestimate risks. Kahneman compares an organization with a slow thinker and sees a number of advantages in this. In his view, organizations are better able to avoid bias and unjustified optimism, and their leaders are less susceptible to loss aversion as they are taking decisions on behalf of others.
Prof. Daniel Kahneman: Thinking, Fast and Slow
Speaker
Daniel Kahneman was Professor of Psychology and Public Affairs, Emeritus, and Senior Scholar, Woodrow Wilson School, Princeton University. His research interests included psychology of judgment and decision-making (e.g. cognitive basis for common human errors), and behavioral economics and hedonic psychology. In 2002, he won the Nobel Memorial Prize in Economics. His current book, "Thinking, Fast and Slow", has become an international bestseller.
Daniel Kahneman was Professor of Psychology and Public Affairs, Emeritus, and Senior Scholar, Woodrow Wilson School, Princeton University. His research interests included psychology of judgment and decision-making (e.g. cognitive basis for common human errors), and behavioral economics and hedonic psychology. In 2002, he won the Nobel Memorial Prize in Economics. His current book, "Thinking, Fast and Slow", has become an international bestseller.
Venue
University of Zürich
Rämistrasse 71, Aula, KOL-G-201, 8006 Zurich
(Google Maps)