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Money psychology2011

Thinking, Fast and Slow

Daniel Kahneman

Not only about investing, but essential for understanding cognitive bias, judgment errors, and decision-making under uncertainty.

Mental models

Model 1

Use this model to separate skill from luck.

Model 2

Use this model to identify bias before deciding.

Model 3

Use this model to design rules against emotional reactions.

Model 4

Use this model to judge process rather than outcome alone.