27A: Reading Reflection No.3

Thinking, Fast and Slow, Daniel Kahneman

1) The general theme of the book was providing an explanation of systems of thoughts. In this book, the systems of thought were broken up into different categories. System one is best defined as fast thinking, while system two is referred to as slow thinking. Use of these systems simultaneously are not known to be detrimental, but beneficial as the systems are learning to coexist.

2) "Thinking, Fast and Slow," by Daniel Kahneman connected with what we were taught in ENT3003 due to its references to taking risks and dealing with failure as a result of those risks. When it comes down to taking risks, system one and two handle them differently. System one is known to make extreme predictions, as it is commonly referred to as fast thinking. System two has a tendency to have issues with regression. Failures and risks are prominent aspects in the field of entrepreneurs, as they must make decisions that will either become flourish or become denied. Overall, one must be willing to take risks in order to grow.

3) If I were to design an exercise for this class based on the book I have read for this assignment, I would challenge my peers to make use of system one and system two simultaneously. Using the systems at the same time allow one system to pick up where the other left off if it is too difficult of a task for system one. By incorporating riddles into an exercise, we may be able to exercise both systems at once.

4) My biggest surprise when reading this book was its mentioning of risk and failure in depth. I was not quite expecting the book to reference much material learned through lecture but was glad to have gotten the chance to make a connection between the reading material and what we have learned in this course.