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Mental Models
Featured Models

Fast and Slow Thinking

This could read as the start of an 'unauthorised instruction book of your brain' that you didn't know you needed, but won't be able to live without. It's a foundational model in behavioural economics that will help inform your understanding of cognitive biases, behaviour change and humanity in general.  Nobel Prize winner Daniel Kahneman’s mental model of Fast and Slow Thinking underpins behavioural economics by explaining how you live most of your life on automatic pilot, are essentially irrational, and prone to cognitive biases.  TWO THINKING SYSTEMS.  Kahneman’s findings are captured in his 2011 bestselling book Thinking Fast and Slow where he describes two distinct thinking systems:  Fast thinking (system 1): which is automatic, intuitive, error-prone and used for most common decisions. This is by far the majority of how we think each day.  Slow thinking (system 2): which is effortful, reasoned, more reliable and used for complex decisions.  Fast thinking is a primal survival mechanism that uses heuristics, or cognitive shortcuts, to quickly respond to threats. It’s fast but those shortcuts are ultimately unreliable. In contrast, slow thinking requires considerable attention and delivers a more accurate understanding.  AUTOMATIC PILOT. Kahneman’s work confirms that your brain instinctively prioritises conserving energy and overly relies on fast thinking as a result.  The point — you'll be on autopilot for most of your life, which opens up all sorts of implications... IN YOUR LATTICEWORK.  Fast and slow thinking is one of the most significant mental models listed on ModelThinkners because it underpins so much of our modern understanding of behavioural science, behavioural economics, psychology, marketing and humanity.  Firstly, it helps to explain our heuristics, or biases, such as Confirmation, Anchoring, Availability, Endowment Heuristics, as well as Correlation vs Causation and many more.  In addition, the fact that you are on autopilot for most of the time and most of your life makes the use of Nudges via the EAST Framework and building Habit Loops as powerful options for change.  

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