Thinking - Fast and Slow
Daniel Kahneman
Contributed by Larisa Brooke
Chapter 18
Summary

The section states that naturally, there are many forecasting occasions available and intuitive judgments can be made with confidence. A combination of analysis and intuitions can be utilized to make decisions despite being based on weak evidence. The non-regressive intuitions affect judgments since people are fond of substituting proof without their knowledge and they end up answering the questions they are not asked. Predictions based on intuitions should be corrected since they are not regressive and are biased and are over-optimistic. A defense mechanism should be established to control overconfident and extreme intuition predictions.

Analysis

It is evident that our intuitive evidence is prone to both extreme ends. They either are too optimistic or pessimistic. They are very favorable considering the delicacy some situations demand, but they mostly tend to expect too high outcomes. The primary attention is drawn from predictions to the substantiated evidence. System 2 should be tamed to harmonize intuitions produced by System 1 aiming at controlling it from picturing and configuring the adverse outcomes of an event.

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