Thinking Fast and Slow Theory and its effect in corporate decision making

Daniel Kahneman's "Thinking, Fast and Slow" explores how our minds operate through two systems: fast, intuitive System 1 and slow, deliberative System 2. System 1's shortcuts often lead to errors, like the availability heuristic and anchoring. Kahneman emphasizes awareness of biases and suggests strategies for engaging System 2 in important decisions, fostering improved self-awareness and decision-making.