Thinking, Fast and Slow
In this book, the author Kahneman shares with us his essential philosophical insights which propelled him to a Nobel Prize. He describes the foundation in neuroscience and psychology which changed his view of how we ascertain something’s value to us. This changed the way that many economists see how the public chooses one choice over another. Traditional economic theory places a dollar value on an economic choice. So for instance, would you rather have $45…