Thinking Fast & Slow System (PowerPoint PPTX)

BENEFITS OF DOCUMENT

1. Provide of Two Decision Making Routes (Fast & Slow Thinking System) Framework
2. Provide of Cognitive Bias and Error Thinking That Impacts Productivity
3. Provide of Dunning-Kruger Effect Phenomenon & Sunt Cost Fallacy

DESCRIPTION

This product (Thinking Fast & Slow System) is a 41-slide PPT PowerPoint presentation (PPTX), which you can download immediately upon purchase.

Thinking Fast & Slow System

Contents :
1. Two Decision Making Routes
2. Slow Thinking System
3. Fast Thinking System
4. An Example of Slow Thinking
5. An Example of Fast Thinking
6. Cognitive Bias and Error Thinking
7. Cognitive Bias Diagram
8. Cognitive Bias Map
9. Loss Aversion Error Graph
10. Availability Bias
11. Representative Bias
12. Illusions of Understanding
13. Dunning-Kruger Effect Phenomenon
14. Sunk Cost Fallacy
15. How can we avoid various cognitive biases
16. How can we avoid various thinking error
17. Cognitive Bias That Impacts Productivity
18. Data Analytics in 5 Steps Process
19. Cost Benefit Analysis Diagram
20. Mentoring Programs with Impacts
21. Four Stages of Mentoring
22. Types of Devil's Advocacy
23. Case Study Diagram
24. Lessons Learned Process

"Thinking, Fast and Slow" is all about how two systems – intuition and slow thinking – shape our judgment, and how we can effectively tap into both. Using principles of behavioral economics, Kahneman walks us through how to think and avoid mistakes in situations when the stakes are really high.

If you're prone to making rash decisions that you sometimes regret – or feel too burned out to spend a lot of time weighing out the pros and cons of certain choices – this book is definitely worth checking out.

Sometimes we think fast and sometimes we think slow. One of the book's main ideas is to showcase how the brain uses these two systems for thinking and decision-making processes. System 1 operates intuitively and automatically – we use it to think fast, like when we drive a car or recall our age in conversation. Meanwhile, System 2 uses problem-solving and concentration – we use it to think slowly, like when we calculate a math problem or fill out our tax returns.

Since thinking slow requires conscious effort, System 2 is best activated when we have self-control, concentration, and focus. However, in situations when we don't have those – like when we feel tired or stressed – System 1 impulsively takes over, coloring our judgment.

I recognized that my fast thinking was attributed to the fact that I was busy all the time and didn't incorporate very many breaks into my schedule. I felt exhausted and distracted at the end of long days, so I was using System 1 to make decisions instead of System 2. To gain more concentration and focus, I started practicing more mindfulness strategies and incorporating more breaks, which have helped me tremendously in making better choices for myself.

Kahneman says our System 1 is gullible and biased, whereas our System 2 is doubting and questioning – and we need both to shape our beliefs and values. When I was making a decision, I found that I was searching for evidence that supported my choice, rather than finding counterexamples. I made decisions so quickly using System 1 that I didn't start questioning those decisions until I realized I didn't make the right choice.

When I read this part of the book, I found this point extremely relatable. Most decisions are tied to weighing multiple factors, but sometimes we only focus on the one factor we're getting the most pleasure from, which can be a big mistake, because the factor that we initially find fulfilling often gives us less pleasure as time progresses.

Best regards,

UJ Consulting

Source: Best Practices in Decision Making, Cognitive Bias PowerPoint Slides: Thinking Fast & Slow System PowerPoint (PPTX) Presentation, UJ Consulting