Thinking - Fast and Slow
Daniel Kahneman
Contributed by Larisa Brooke
Chapter 37

Kahneman illustrates the essence of memories and past experiences in one’s way of life in general terms. He recounts that his efforts on understanding the two selves focused on finding the validity of the notion that life is sufficient to determine one’s well-being. He adopts an illustration which finds s significant level of an assumption that past encounters influence their state of mind. Kahneman refers to this occurrence as experienced well-being. He incorporates Gallup’s data in determining the measure of one ’s well-being. This chapter encompasses several comparisons of the factors influencing the welfare of a person. Kahneman uses education as a critical determinant of happiness and compares it with people’s experiences.


A person’s well-being can be assessed through two significant aspects: experienced-earned and the judgment applied when evaluating one’s well-being. Experience-earned well-being entails the past encounters in a person’s life that invoke their motives and optimism regarding the future. Contrariwise, people have varied ways of measuring their happiness. Also, what constitutes to well-being to someone will probably not matter to another. Kahneman concludes that the most effective way of attaining prosperity is finding more time to engage in what one enjoys doing. Moreover, an increase in income may not necessarily imply better welfare, as one can find satisfaction in even the less-expensive commodities.

Have study documents to share about Thinking - Fast and Slow? Upload them to earn free Studypool credits!