We’re all biased. Whether we like it or not, but it helps to know and how our mind works. This is where Daniel Kahnemann’s groundbreaking book “Thinking, fast and slow” offers great insights into the two systems guiding our thinking.
- System 1: Our intuitive, automatic thinking that relies on heuristics and biases to make quick judgments. It's fast, efficient, but prone to errors.
- System 2: Our slow, deliberate, and logical thinking that requires effort and focus. It's slower but less susceptible to biases.
Today, try to get a feel for it. For the next decision you’re facing, big or small, take a step back and challenge yourself where your first instinct came from and how it might be biased.
Enjoy figuring out how your mind works and how to overcome your biases on Day 28 of The Daily Founder. I might be biased, but I think it’s a great idea to comment, like and subscribe and join the community group on austrianstartups.com. Let’s do this!
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