Thinking, Fast and Slow
Daniel Kahneman's Nobel Prize-winning research on cognitive biases and decision-making. Foundational for understanding behavioral risk.
Why Read This Book?
Understanding how humans actually make decisions is crucial for effective risk management.
Key Takeaways
- System 1 (fast, intuitive) vs System 2 (slow, deliberate) thinking
- Loss aversion: losses loom larger than equivalent gains
- Anchoring effects distort risk assessments
- Overconfidence is universal and dangerous
Who Should Read
Everyone in GRC. Understanding cognitive biases is essential for designing controls.