Snap Judgment
When to Trust Your Instincts, When to Ignore Them, and How to Avoid Making Big Mistakes with Your Mone
by:
David E. Adler
in:
Personal Finance
Summary:
The book explores the psychological processes behind decision-making, particularly in financial contexts, examining when it's beneficial to rely on intuitive judgments and when it's not. It provides insights and strategies to help readers make better choices by understanding the biases and errors that can lead to poor financial decisions.
Key points:
1. Dual-Process Theory: Adler explains that thinking has two types: fast, intuitive (System 1) and slow, analytical (System 2). He stresses knowing when to use quick instincts or careful thought, especially in finance.
Books similar to "Snap Judgment":
Thinking, Fast and Slow
Daniel Kahneman
Intuition
David G. Myers
Eyes Wide Open
Noreena Hertz
Judgment in Managerial Decision Making
Max H. Bazerman
The Art of Thinking Clearly
Rolf Dobelli
Decision Making and Problem Solving
John Adair
Irrationality
Stuart Sutherland
Your Money and Your Brain
Jason Zweig
You Are Now Less Dumb
David McRaney
Principles for Success
Ray Dalio