InDepth Spring 2018
Two Systems? The Significance of Kahneman's Systems 1 and 2
Behavioural economics has rapidly become the new orthodoxy. While it is full of fascinating ideas, we should be wary of accepting it lock, stock and barrel. In particular, Systems 1 and 2, a key component in the popularisation of behavioural economics, is not as well founded as we might assume.
Behavioural insights in research: the shape of things to come?
It's been seven years since Kahneman published Thinking Fast and Slow, and there's no doubt that his ideas about why people behave the way they do have made a splash. His book has made topline almost 40 years of diverse, detailed academic research and become common knowledge – google anything about behavioural economics and you're overwhelmed by people weighing in on what this means for the way we understand people. Clients have also joined the conversation – it's becoming more and more com
Systems 1 and 2: turning theory into practice
I've recently experienced what it feels like to rely on System 2 thinking. In a half-hearted attempt to learn the ukulele over the last year, I've faced the mental challenge of having to think very deliberately about using my hands in a new, unfamiliar way. Although I'm unlikely to master playing it any time soon, I've made some progress.