Thinking - Fast and Slow
Daniel Kahneman
Contributed by Larisa Brooke
Chapter 29

This chapter delves into four significant aspects that encompass the process of decision making in System 1. The first pattern entails changing chances which involves increasing the likelihood of an event. Frequently, people divert their attention to circumstances that increase their chances of success. The author finds that possibility differs slightly with certainty and both mark one’s closeness to success. The second aspect of the fourfold pattern is the Allais’s Paradox, which elucidates the logical errors committed by individuals when seeking favorable occurrences. Kahneman also employs decision weighs to shed light on the procedure of deriving the pleasant events.


This chapter sheds light on four procedures that tend to be intertwined in one’s mind when reviewing the losses and gains. Risk seekers usually follow profits while risk averse individuals hope to avoid losses. The chances of this occurrence depend on one’s situation, and individuals usually choose whether to take a risk or not based on their intuition. Kahneman provides an analysis of the factors that determine one’s contentment to a side of the risk.

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