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Quote by Daniel Kahneman

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Thinking, Fast and Slow

This book delves into the intricacies of human cognition, examining how we make decisions and perceive the world. It contrasts two systems of thought: System 1, which operates automatically and quickly, with little or no effort, and System 2, which allocates attention to effortful mental activities, including complex computations. The author, Daniel Kahneman, a renowned psychologist, provides insights into biases, heuristics, and the role of chance in decision-making. more

Author

Daniel Kahneman
Daniel Kahneman

Daniel Kahneman is a renowned psychologist known for his work in behavioral economics and decision theory. Born on March 5, 1934, he is of Israeli descent and has worked and studied in Israel, the United States, and Canada. Kahneman's research has had a profound impact on modern economics, psychology, and business decision-making. more

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“Consider the following fact. Sweden accounts for approximately 1 percent of the world economy. A rational investor in the United States or Japan would invest about 1 percent of his assets in Swedish stocks. Can it make sense for Swedish investors to invest 48 times more? No. [T]his reflects the well-known tendency of investors to buy stocks from their home country, something that economists refer to as the home bias.”