Assignment 27A- Reading Reflection No. 3

Assignment 27A- Reading Reflection No. 3

Book: Thinking, Fast and Slow by Daniel Kahneman

1. What was the general theme or argument of the book?
   The general theme of the book was how our several psychological biases are natural and it's important to acknowledge them in order to be more self aware about our judgments and decisions 
2. How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003?
   I think it connected with the course because our assignments require us to do a lot of self reflection and think about the way people make decisions, which is also a concept explored in the book. Our 2 systems of thinking can absolutely affect the way we behave which, in turn, can help us better understand buyer behavior which will affect our venture concepts.
3. If you had to design an exercise for this class, based on the book you read, what would that exercise involve?
   The exercise I would design based off this book would be to essentially create a list of situations and have students decide what their responses to each one of them would be when following system 1 thinking and then system 2 thinking. It would be cool to see what each student's automatic first behavior would be through system 1 thinking, and then how their system 2 decisions actually showcase who they are as a person and their way of deconstructing situations to react appropriately
4. What was your biggest surprise or 'aha' moment when reading the book? In other words, what did you learn that differed most from your expectations?
   My biggest "aha" moment was his explanation of the bat and ball problem. The problem gives an excellent example of how system 1 thinking overtakes system 2 thinking and it shocked me so much because I fell into the trap. The question is "A bat and ball cost $1.10. The bat costs one dollar more than the ball. How much does the ball cost?" where the answer is 5 cents instead of 10 because if the bat costs $1 more, it comes out to $1.05, which, combined gives you $1.10. He explained that overriding this system 1 thought is difficult but requires deliberate, intentional thinking