The book I chose was Thinking, Fast And Slow by Daniel Kahneman. The general theme of the book is that we must make an active effort to understand our thought processes and control our decision making in order to avoid errors and jump to conclusions. The book connects a lot to what we are learning in ENT3003 because it gives advice that is very helpful to the modern entrepreneur. He warns against going with your gut and he talks a lot about making the most economic decisions for yourself. He says to separate your emotions from your economic decisions, which could be very helpful in entrepreneurship. For an exercise in this class, I would present a bunch of logic questions and in the end students would see which ones they got wrong and reflect on why they got them wrong. Did they take the easiest and most available answer? Did they jump to conclusions or trust their gut too quickly? A part of this book that surprised me a lot was Kahneman’s on how lazy our brains are. He said people want to solve problems with the least amount of effort, regardless of the accuracy of the solution. This surprised me because I tend to think the best of peoples’ intellects but I suppose this may be naive.
Hey Molly! I think separating emotions from your decisions is one of the hardest skills and can make or break you in the business world, so I definitely agree with what this author says. I think your idea of an assignment is interesting- a reflection at the end of it would be able to present to students how they make their decisions. Great post!
ReplyDeleteHi Molly,
ReplyDeleteI'm not one hundred percent sure if I agree with everything that Kahneman said, but I like the idea you came up with for a class assignment. I think being asked a list of questions and not only answering them but explaining how we made our decision would be incredible helpful. I knew our brains are lazy because of how hard it is for us to break a habit that we have. Great job.