Thinking Fast and Slow Essay Example for Free

Thinking Fast and Slow Essay1. One of the sustains more stunning examples of the priming effect takes place in an office kitchen. Employees would typically realize themselves coffee or tea and in return would drop a small fee into an reality box. Researchers designed an experiment that involved alternating weeks where every a picture of a flowerpot or a picture of a set of eyes was in the room. Donations were checked after ten weeks and researchers constitute that significantly more money was contributed on weeks in which the eyes were in the room.Given this, and other examples of priming, do you find it feasible for organizations to devise methods that attempt to prime their employees to perform or react in a desirable manner?2. One of the errors of System 1 is known as the framing effect. This refers to the ability of the agency in which a problem is presented to influence an individuals solution to it. Kahnemans example in the allow involves doctors at Harvard Medical S chool. In seeking their opinion a question is framed utilize either survival rate or mortality rate, with relative figures being the same. Despite this, 84% of the participants selected cognitive process that referred to a patients survival rate.Knowing the effects of framing a question either too broadly, too narrowly, or incorrectly all together, what are measures that organizations can take to ensure that their employees project how to properly frame problems in such a way that the companies primary objectives are being targeted?3. The book advocates that in our search for a causal link between occurrences in our lives we often dismiss the authenticity of lucks involvement in our success. To demonstrate this point, Kahneman points out that the gap in corporate gainfulness and stock returns between high performance firms and less successful firms dissipates to nearly nothing over time. In fact, over a 20 year period the returns of companies that originally had the worst rating s went on to earn very much higher returns than their counterparts, which he refers to regression to the mean.Given that we may not necessarily be as sharp as we perceive ourselves to be, what are steps that organizations can take to ensure that top brass is give able to understand what may actually be creating the companys success?