Thinking, Fast and Slow
by Daniel Kahneman, 2011
This is a great book that hits on all the research in behavioral economics and cognitive biases. It’s also a devilishly slow read. 400+ pages, with each page probably averaging 4+ minutes for me as I read it and contemplated its significance. I’ve been reading it slowly over the last 2 years.
Here’s the list of topics it will discuss at length, in alphabetical order:
causal base rates
illusion of understanding
law of small numbers
mental accounts and keeping score
overestimation of rare events
priming and associations
regression to the mean
sunk cost fallacy
what you see is all there is (WYSIATI)
Learning about these terms and recognizing when your human brain is leading you astray will improve your future decision making.