Goal Setting & Achievement Podcast: Business|productivity

How to Make Great Business Decisions by Thinking Fast and Slow

Informações:

Sinopsis

As a business owner, you’re constantly on the move. There are a million things that constantly need your attention and you’re making decisions left and right. Moving fast is just a way of life.Making quick decisions, however, is not necessarily the same as making good decisions.When you dive into cognitive psychology and economics, you’ll discover that there is an actual science behind the act of decision-making. The ideas of fast and slow thinking as two different modes of thought, were first described in Daniel Kahneman’s book Thinking, Fast and Slow.According to Daniel, we have a two-system way of thinking: Thinking Fast (System 1) and Thinking Slow (System 2). Keep listening for more on how to recognize these systems within yourself, and how harnessing the power of each one can help improve the quality of the decisions that you make.Thinking Fast (System 1)An easy way to think of System 1 is that it is your gut reaction to experiences in your life. It is arguably the stronger of the two systems, and we te