I have finally finished reading Thinking, Fast and Slow by Kahneman, Daniel (https://www.goodreads.com/book/show/11468377-thinking-fast-and-slow). The book is about cognitive biases, i.e. systematic patterns of how humans behaviour deviates from optimal, fast intuitive vs slow analytical mind, and choices. The author's got a Nobel prize in economics and is a smart and trustworthy (science-wise) person overall.
I am not sure if knowledge from the book is useful enough to me. It was quite boring to read. Also a few early chapters talk about psychological effects which later turned out to be weaker or to work in a different way than it was thought. To be precise, I am talking about priming and ego depletion.
It is also popular among #lesswrong crowd.
Kahneman can only talk about biases that are easily measured in a lab. But more important to instrumental rationality would be biases of the sort “what is the most important thing I can be working on for my goals, and if I am not working on those things, why?”
@p I am ashamed to say that I have this book on my toread list. Haha.
@cedricchin Yes, I've read that, and I've looked at the original paper https://onlinelibrary.wiley.com/doi/abs/10.1002/jcpy.1047 and hackernews comments https://news.ycombinator.com/item?id=17689683. It is all very unclear, so I made only a small update towards "not everything is clear about loss aversion".
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