System One and System Two - Deepstash
Behavioral Economics, Explained

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Behavioral Economics, Explained

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System One and System Two

Our brains have two "systems" that complement eachother, with their own capabilities, limitations and functions.

  • System One is fast, automated and precise, but can be easily tricked and has a small working window.
  • System Two is slower, can make complex thoughts achieved in a specific algorithm and takes control over it's brother when he needs to with it's long but limited attention buffer.

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Priming the brain

Our mind can easily and unknowingly fall in a priming situation where certain things prepare ourself to take a certain decision based on association.

  • Looking at a pile of cash before a conversation can make us greedy
  • A bilboard with some imposing eyes can lower...

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System Two

Being slower but very powerful, this part of the brain can partialy suppes the other one while taking control on our body and forming logical and complex operations that need an attention span while being easily interrupted, like:

  • Solves complex math like 412* 525
  • ...

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System One

With it's lighting fast reactions, System One is present in almost every common situation. It's actions are sometimes unstoppable and can be trained to steal tasks from the second System.

Depending on the complexity, here are some tasks that System One make...

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3.62K reads

Daniel Kahneman

"The world makes much less sense than you think. The coherence comes mostly from the way your mind works.”"

DANIEL KAHNEMAN

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Attention and Effort

  • Our brain have a very limited attenion buffer. Our System Two can't give more than he has. We need to prioritize it's tasks to make it work efficiently.
  • We will use the minimal effort law, thinking as little as possible, unless we act on it ...

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The Two-System Brain

Daniel Kahneman, Nobel prize winner, explains how our mind has 2 modes:

  • Your deliberate system is responsible for sophisticated functions such as reasoning, self-control, and forward-thinking. It excels in handling anything unfamiliar, complex, or abstract. But it has ...

The two-system theory

There are two thinking systems, each with distinct characteristics.

  • System 1, or intuition. We think in this way most of the time. We respond to the world in ways that we're not conscious of and don't control. System 1 operations are fast, effortless...

Two Systems

Two Systems

The human brain is controlled by two separate systems:

  • System 1 - Very fast, it works on intuition and evolves as we encounter common situations;
  • System 2 - Slower. We tend to avoid using it too much, but it is mandatory for complex problems...

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