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Kahneman, D. (2011): Thinking, Fast and Slow - Springer

Stat Papers (2014) 55:915 DOI REVIEWK ahneman, D. ( 2011 ): thinking , fast and SlowPenguin, 496 pp., , ISBN 978-0141033570 Walter Kr merPublished online: 25 May 2013 Springer -Verlag Berlin Heidelberg 2013 This book is an eye-opener in various ways. From the viewpoint of statistics, it demon-strates once more that real progress in this field does not derive from advanced math-ematics, but from asking the right questions and from setting up clever the viewpoint of economics, it adds additional doubts to the usefulness of thehomo oeconomicus as a proper model of human decision making, and from the view-point of psychology.

which Kahneman views as two coexisting modes of thinking (“fast and slow”, as the title says). The first, the fast one, is System 1: System 1 is always working in the

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