Kahneman’s tips to turn on your “slow thinking” capabilities:
- Learn to recognize situations in which errors are likely. Slow down the decision-making process and bring in logic, reflection and reasoning.
- It’s easier to recognize weak decisions in others. As a leader, encourage others to use their system 2s to assist in decision-making.
- Be wary of decisions that are made purely based on feelings of liking or disliking something. These biases dominate system 1 thinking. This can be at the expense of deliberation or reasoning.
- Something that is highly salient in your mind does not mean it is or should be a high priority. It is just something easily retrieved from memory.
- A telltale symptom that the decision is a poor one, for Kahneman, is over confidence.
- Accept that you have biases (just like everyone else) that can disrupt effective decision-making.
- Understand that humans overvalue their own opinions, instincts and judgements.
- Feeling over confident or “certain” does not equate to good decision-making
- Remember that fast thinking is not prone to doubt, be careful of the desire to suppress alternatives.