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Understanding Kahneman: Implications for Investors
Daniel Kahneman, the Nobel Prize-winning psychologist, is renowned for his groundbreaking work on the psychology of judgment and decision-making. His groundbreaking book, Thinking, Fast and Slow, published in 2011, explores how humans process information through two distinct systems of thought: System 1 and System 2. This article delves into Kahneman's concepts and their relevance to investors, presenting practical takeaways to enhance decision-making processes.