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Book quiz

Thinking, Fast and Slow Quiz

Thinking, Fast and Slow, Daniel KahnemanThinking, Fast and SlowDaniel Kahneman

Why can we be absolutely sure of a decision, and still get it wrong, and in the same predictable way every time? Kahneman, a Nobel laureate, shows that two minds are at work in our heads: a fast one that decides instantly and often lets us down, and a slow one that calculates and checks but is reluctant to switch on…

Question 1 of 5

How does the book portray the slow system of thinking?

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Right answer: It takes effort and kicks in reluctantly

The slow system calculates, weighs and checks, but it's lazy and switches on reluctantly. The fast one runs on its own.

Question 2 of 5

You're haggling over a used item. Knowing about anchoring, what does the book advise?

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Right answer: Name your number before the other side does

The first number named becomes the reference point, and estimates drift only a little from it. Whoever names a figure first sets the frame.

Question 3 of 5

For years you've held losing stocks, waiting for a rebound. Which trap does the book see here?

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Right answer: Loss aversion: selling means admitting the loss

A loss hurts more than an equal gain pleases. So we cling to losing decisions just to avoid admitting the loss.

Question 4 of 5

Why does the next jump come out worse after praise for a brilliant one?

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Right answer: After the best jump, almost any next one will be weaker

Praise has nothing to do with it. After the best jump, almost any next one will be weaker: after an extreme comes a return to the average.

Question 5 of 5

An apartment with a great view won you over at once. What would the book advise before buying?

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Right answer: Don't decide on viewing day; check for the traps

Willpower in the moment can't beat these traps: the fast mind acts first. What helps is a pause rule set in advance for big decisions.

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