Trevor's Reviews > Thinking, Fast and Slow
Thinking, Fast and Slow
by
by

This is a fascinating book. Reading this book means not having to read so many others. For example, you could avoid having to read, Sway, Blink, Nudge and probably a dozen or so other books on Behavioural Economics. And the best part of it is that this is the guy (or, at least one half of the two guys) who came up with these ideas in the first place.
I was thinking that perhaps the best way to explain those other books would be to compare them to Monty Python. I want you to imagine something - say you had spent your entire life and never actually seen an episode of Monty Python's Flying Circus. That wouldn't mean you wouldn't know anything about Monty Python. It is impossible to have lived at any time since the late 60s and not have had some socially dysfunctional male reprise the entire Parrot sketch or Spanish Inquisition sketch at you at some stage in your life. I suspect, although there is no way to prove this now, obviously, that Osama bin Laden could do the Silly Walk like a natural. Well, if you had never seen an episode of Monty Python and your entire experience of their work was via the interpretation of men of a certain age down the pub - then finally getting to see an episode of the original would be much the same effect as reading this book. Hundreds of people have already told all this guy's best stories in their own books - but all the same it is a pleasure to hear them again by the guy that first said, 'this parrot is dead' or rather, 'framing effects make fools of us all'.
You need to read this book - but what is particularly good about it is that you come away from it knowing we really are remarkably easy to fool. It's because we think we know stuff that this comes as a constant surprise to us. Years ago I was talking to a guy who liked to bet. Everyone needs a hobby and that was his. Anyway, he told me he was playing two-up - an Australian betting game - and he realised something like tails hadn't come up frequently enough and so he started betting on tails and sure enough he made money. I told him that coins don't remember the last throw and so the odds of getting a tail was still 50%, as it had previously been. But I had no credibility - I'd already told him I never bet - so, how would I possibly know anything if I wasn't even brave enough to put my own money on the outcome? And didn't I understand the point of this story was he had already WON?
Still, when faced with a series of coin flips that run - H, H, H, H, H, T, H, H, H - it does feel like tails are 'due'. This is the sort of mistake we are all too prone to make. The thing to remember is that while there is a law of large numbers - toss a coin often enough and in the very long run there will be as many heads turn up as tails - that isn't the case in the short run - where just about anything is possible.
We (that is, we humans) are remarkably bad at mental statistics. And what makes it worse is that we are predictably bad at statistics. And this brings me to Bourdieu and him saying that Sociology is kind of martial art. He means that Sociology allows you to defend yourself from those who would manipulate you. Well, this book is the Bruce Lee book of advanced self-defence. Learning just how we fool ourselves might not make you feel terribly great about what it means to be human - but at least you will know why you hav stuffed up next time you do stuff up. I'm not sure it will stop you stuffing up - but that would be asking for an awful lot from one book.
If you want the short version of this book, he has provided the two papers that probably got him the Nobel Prize - and they are remarkably clear, easy to understand and comprehensive. But look, read this book - it will do you good.
I was thinking that perhaps the best way to explain those other books would be to compare them to Monty Python. I want you to imagine something - say you had spent your entire life and never actually seen an episode of Monty Python's Flying Circus. That wouldn't mean you wouldn't know anything about Monty Python. It is impossible to have lived at any time since the late 60s and not have had some socially dysfunctional male reprise the entire Parrot sketch or Spanish Inquisition sketch at you at some stage in your life. I suspect, although there is no way to prove this now, obviously, that Osama bin Laden could do the Silly Walk like a natural. Well, if you had never seen an episode of Monty Python and your entire experience of their work was via the interpretation of men of a certain age down the pub - then finally getting to see an episode of the original would be much the same effect as reading this book. Hundreds of people have already told all this guy's best stories in their own books - but all the same it is a pleasure to hear them again by the guy that first said, 'this parrot is dead' or rather, 'framing effects make fools of us all'.
You need to read this book - but what is particularly good about it is that you come away from it knowing we really are remarkably easy to fool. It's because we think we know stuff that this comes as a constant surprise to us. Years ago I was talking to a guy who liked to bet. Everyone needs a hobby and that was his. Anyway, he told me he was playing two-up - an Australian betting game - and he realised something like tails hadn't come up frequently enough and so he started betting on tails and sure enough he made money. I told him that coins don't remember the last throw and so the odds of getting a tail was still 50%, as it had previously been. But I had no credibility - I'd already told him I never bet - so, how would I possibly know anything if I wasn't even brave enough to put my own money on the outcome? And didn't I understand the point of this story was he had already WON?
Still, when faced with a series of coin flips that run - H, H, H, H, H, T, H, H, H - it does feel like tails are 'due'. This is the sort of mistake we are all too prone to make. The thing to remember is that while there is a law of large numbers - toss a coin often enough and in the very long run there will be as many heads turn up as tails - that isn't the case in the short run - where just about anything is possible.
We (that is, we humans) are remarkably bad at mental statistics. And what makes it worse is that we are predictably bad at statistics. And this brings me to Bourdieu and him saying that Sociology is kind of martial art. He means that Sociology allows you to defend yourself from those who would manipulate you. Well, this book is the Bruce Lee book of advanced self-defence. Learning just how we fool ourselves might not make you feel terribly great about what it means to be human - but at least you will know why you hav stuffed up next time you do stuff up. I'm not sure it will stop you stuffing up - but that would be asking for an awful lot from one book.
If you want the short version of this book, he has provided the two papers that probably got him the Nobel Prize - and they are remarkably clear, easy to understand and comprehensive. But look, read this book - it will do you good.
Sign into ŷ to see if any of your friends have read
Thinking, Fast and Slow.
Sign In »
Quotes Trevor Liked

“I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet to meet a successful scientist who lacks the ability to exaggerate the importance of what he or she is doing, and I believe that someone who lacks a delusional sense of significance will wilt in the face of repeated experiences of multiple small failures and rare successes, the fate of most researchers.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow

“The psychologist, Paul Rozin, an expert on disgust, observed that a single cockroach will completely wreck the appeal of a bowl of cherries, but a cherry will do nothing at all for a bowl of cockroaches.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow

“A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow
Reading Progress
April 19, 2012
–
Started Reading
April 19, 2012
– Shelved
May 1, 2012
– Shelved as:
behavioural-economics
May 1, 2012
–
Finished Reading
Comments Showing 1-50 of 68 (68 new)
message 1:
by
Preeti
(new)
-
added it
Apr 19, 2012 04:27PM

reply
|
flag

Thanks Preeti
Awesome, I have the book and haven't read the others! And I recall as a kid hearing certain Python sketches and quotes from my neighbors, so you're right about that. Bonus, I learned a new phrase- stuffed up - guess I'll be using that as I read and discover... Thanks

Learning just how we fool ourselves might not make you feel terribly great about what it means to be human - but at least you will know why you hav stuffed up next time you do stuff up.
The only problem I see with this is that we're also prone to forgetting, so I wonder how long these lessons would stay with us (me!) even if we (I) read the book.

Thanks everyone

About that, Trevor — I finished Steven Pinker's The Better Angels of Our Nature: Why Violence Has Declined some time ago, so you're running a bit late. If anything, it is more important than this one. I'm now on Coming Apart: The State Of White America, 1960-2010, which I think is a bit more troublesome, and I'm concerned you might very well skip. So I guess I'd better take notes.


Trevor wrote: "Well, this book is the Bruce Lee book of advanced self-defence."
On the other hand, we could learn to use it on other people. LOL!

I bought this book and your review makes me feel so good about it.
I have read much stuff in behavioral science but it's good that you mentioned, this is the mother of them all :)

Prashant - yes, this is a very strange book, as it is very new, but still the source of so many other books. If you have read some of the other books on BE then you'll be surprised that this guy came up with so many of the really interesting experiments. I'm sure you'll enjoy this one.

Strange. I love the title Women, Fire, and Dangerous Things and I've had it on the list for a long time, but I got so irritated with Lakoff when I read his Moral Politics: How Liberals and Conservatives Think, both on his repetitive pedantic style, and the fact that instead of following it up with more research (cross-cultural, for example, or historical/longitudinal) he decided to become a hack for the Democratic party. Women, Fire has since somehow sunk to the 600s in my TBR shelf.
But, honestly, Pinker's will make you wet your pants with excitement.

{shakes head} Honestly, I wonder what it will take for them to learn better. Sigh.
Idle thought: There's some research that apparently shows that people who take economics become less compassionate after doing so. I wonder if that's the ultimate framing device: primes your mind in a certain way, you see.

I've meant to read his Moral Politics, but I found his Don't Think of an Elephant: Know Your Values and Frame the Debate: The Essential Guide for Progressives so disappointing I haven't started yet.


"Reading this book means not having to read so many others"
So what would you consider a good next step/read related to the subject with complementary matterial? Dan Ariely has an introductory course on coursera and he seems like a cool guy, is Predictably Irrational worth reading?

If you can get your hands on it - and it is hard to - The Psychology of Judgment and Decision Making is mind blowing. He gets you to do a quiz thing at the start and then explains why you made all the mistakes you did, mmm.... but less annoying than it sounds.
A must read is also How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life (which I am always certain is called how we know what just ain't so and it is never called that for some reason. He was the man who proved the 'hot hand' in sports was crap and no one believed him. A god. The last couple of chapters aren't nearly as good, but most of the first half is essential reading.
Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts - is also wonderful, but I think I might remember it more because of its title. Made to Stick: Why Some Ideas Survive and Others Die is a brilliant book, especially to help you think through how to go about making what you have to say have some kind of impact on other people - I think every teacher should be forced to read it, but then, there are so many books teachers need to be forced to read. It is the much better version of Gladwell's Tipping Point.
The other book that I would seriously recommend - that I think about a lot and think I really learnt something very basic from - is Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. I think the big lesson here is the idea that we live our lives forwards, but actually understand them backwards (I'm nearly certain he doesn't say anything like that in the book - but that's the take away message for me anyway). We need the world to make sense so we make up stories to make it make sense. Then we believe our own bullshit. It's the road to perdition.
I feel like I've done a very good thing starting someone off on an encounter with behavioural economics - your telling me that will make me happy all day.


And now for something completely different :)
I don't think I've ever read such an entertaining review! It was fun and enjoyable and felt like a story of its own. I'm intrigued to check out more on your list and your reviews.
Cheers :)



Thank you for your post. Really helpful.
On the top review last paragraph you mentioned about the two papers which he submitted, easy to understand, comprehensive. How to get those?

It might be a little more fun, a little thinner, and a little less meaty than Fast and Slow. I’d read them both. No question. Because whichever you read first you will say that was fascinating- is there another book to read? Yes, there is.
Nudge and Black Swan are not as comparable.


I agree with Charles, Predictably Irrational is one of my favourite books in this genre and like him I’ve bought it for multiple people. In fact, I bought it twice for one person� to be sure�
Marcus, not really. Basically, economics views us as rational choosing agents who maximise our own utility. This book explains why that isn’t the case.
Sameer, they are both included in the book as an appendix. I’m not sure if they are freely available online.

It is impossible to have lived at any time since the late 60s and not have had some socially dysfunctional male reprise the entire Parrot sketch or Spanish Inquisition sketch at you at some stage in your life.
I regret to say I have NOT experienced this - YET I know the Spanish Inquisition sketch (involving a "comfy chair"??). On further reflection I think I KNOW such a male - can't get away from him.
HMMMM - now I really regret it!!


Thanks for the great review.
Woukd you have similar books, about behavioral science, to recommend?


I really want to be able to manipulate people so I can take over the world (joke of course Pinkey), but wondering if you have any recommendations to persuade people of the opposite political party? Most of the time they won't deviate from what they have been told and facts are insulting to them, but sometimes fun to try...

The book you are after, though, is Don't Think of an Elephant! Know Your Values and Frame the Debate: The Essential Guide for Progressives. World domination is now within your grasp. Use your new powers wisely.

I loved this book back when I first read it and still think some of the insights are useful but as a whole the field of behavioral economics has sort of put me off due to these scientific methodology problems in the underlying academic papers.
I’m gonna go and read that Psychology of Judgment book though as I’ve never heard of it before I think. Thanks for that tip!

I’ll have a look and see what I can find, John. Thank you.
