← Thinking, Fast and Slow

Afterpage · week card

Thinking, Fast and Slow

Daniel Kahneman

Key ideas

  1. System 1 and System 2.
  2. What you see is all there is.
  3. Anchors pull estimates.
  4. Losses loom larger than gains.
  5. Take the outside view.

The week

Day 1Read the summary. Five key ideas and where the book overreaches.
Day 2Catch three fast answers. Today, write down three moments when you answered or judged something instantly, and note whether slow thinking would have changed it.
Bad day: Write down one snap judgment you made today and one fact that might change it.
Day 3List what's missing. Pick one decision you're facing and write down what you don't know about it before you decide.
Bad day: Write one decision and two questions you can't yet answer about it.
Day 4Make your own anchor first. Before your next estimate, price check, or negotiation, write down your own number before you see anyone else's.
Bad day: Write your estimate for one number you'll face this week before you look it up.
Day 5Reframe one loss. Find one choice where fear of losing something is holding you back, and rewrite it in terms of gains and the cost of doing nothing.
Bad day: Write one thing you're keeping only because giving it up feels like a loss.
Day 6Run a premortem. Take one plan you're working on, imagine it's a year from now and it has failed, and write the reasons why in ten minutes.
Bad day: Write one sentence starting “This failed because...” about a current plan.
Day 7Use the outside view. For one project you're estimating, find out how long or how well similar projects went, and adjust your plan toward that.
Bad day: Write down how long your last similar project actually took next to your current estimate.

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