Episode 17 - Thinking, Fast and Slow (Part 2): Heuristics & Biases

In part two of our series on Thinking, Fast and Slow, we dive into the fascinating and often-unsettling world of cognitive biases. Our hosts explore how the interplay between our fast and slow thinking systems leads to systematic and predictable errors in judgment. The conversation unpacks several of the most powerful biases that affect business decisions, including the anchoring effect, the availability heuristic, and loss aversion. We analyze Kahneman's groundbreaking research and discuss the profound implications for everything from financial markets and strategic planning to marketing and negotiations. This episode is an essential guide to the hidden flaws in our own decision-making processes.