Thinking - Fast and Slow
Daniel Kahneman
Contributed by Larisa Brooke
Chapter 35
Summary

The analysis presented by Kahneman in the chapter is the distinction between our conscious selves and the unconscious selves. The human being conduct is generally regulated by two sovereign maters. Naturally, pain and pleasure regulate the decision and judgments we pursue and Kahneman defines it as an experienced utility. Kahneman utilizes the chapter to address the distinction between decision utility and experienced utility. The experiences and memory are related although they diminish with time until when they are stared up. The remembering self-maintains the broader picture of the way it felt while the experiencing self-keeps the actual painful memories. The chapter also sums up the importance of remembering and the effects it has on our future endeavors. We tend to remember more than what we actually experience.

Analysis

Kahneman presents a very important conclusion that cancels the rationality aspects of economists. People can be so irrational to an extent of ignoring and foregoing their logical targets. People prefer experiencing pleasure rather than pain irrespective of the logic involved. The findings are so substantive making the conclusion of rationality will be so biased and irrational. With respect to experiences, even under an individual level evaluation, it is evident that in the long run, we forget the experiences we have had but the memory still haunts us.

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