written by
Tyson Gaylord

What You Should Know About… Your Mind

SCS Podcast 1 min read
We talk about a few key points from Daniel Kahneman’s book Thinking Fast And Slow

On this episode, we talk about a few key points from Daniel Kahneman’s book Thinking Fast And Slow. We cover topics on The Law Of Small Numbers which includes; Being Fooled By Randomness, The Hot Hand, And Sample Size. Then We Jump Over To Anchors and The Power Of Suggestion. We end with The Illusion Of Understanding which includes; Black Swan, What You See Is All There Is, Hindsight Bias and finally Outcome Bias.

Learn Things About Your Mind That Are Tricking You

THE LAZY SYSTEM 2

One of the main functions of System 2 is to monitor and control thoughts and actions “suggested” by System 1, allowing some to be expressed directly in behavior and suppressing or modifying others.

For an example, here is a simple puzzle. Do not try to solve it but listen to your intuition.

A bat and ball cost $1.10

The bat cost one dollar more than the ball.

How much does the ball cost?

A number came to your mind. The number, of course, is 10: 10¢. The distinctive mark of this easy puzzle is that it evokes an answer that is intuitive, appealing, and wrong. Do the math, and you will see. If the ball costs 10¢ then the total cost will be $1.20 (10¢ for the ball and $1.10 for the bat), not $1.10. The correct answer is 5¢. It is safe to assume that the intuitive answer also came to the mind of those who ended up with the correct number - they somehow managed to resist the intuition.

Excerpt from Thinking Fast and Slow by Daniel Kahneman page 44

Show Notes: www.thesocialchameleon.show/your-mind
A Little Holiday Help

Links & Resources www.thesocialchameleon.show

Call: (480) 525-5258 Email: info@thesocialchameleon.show

Connect With Us:

Facebook: fb.me/SocialChameleonShow

Instagram: instagram.com/socialchameleonshow

Twitter: twitter.com/SocialChamShow

Subscribe:

YouTube: bit.ly/SCS-Subscribe

Anchor: anchor.fm/social-chameleon-show

Apple Podcast:apple.co/2L8hl6R

Google Podcast: bit.ly/SCS-Google-Podcast

Spotify: spoti.fi/2KYJ0GF

Stitcher: bit.ly/SCS-Stitcher

Google Music: bit.ly/SCS-Google-Music

More Apps Here thesocialchameleon.show/podcast

Support The Show On Patreon: patreon.com/SocialChameleonShow

Don't miss out on the next episode.
Sign up for our newsletter