System 1 and System 2 - Episode 5 | Season 1

At last! We’re beginning our discussion on the actual biases that impact our behaviour and decision-making abilities. In this episode, we delve into what biases actually are and explore some psychology around how our brains process information.

We thought it would be a good idea to start this discussion around biases with explaining Daniel Kahneman’s concept of System 1 and System 2 thinking. To help with unpacking this, we brought in Dr Daniel Crosby, a psychologist and New York Times best-selling author, as our guest. He’s also the host of his own podcast, called Standard Deviations.

 

Useful links: 

Buy the book - Thinking, Fast and Slow by Daniel Kahneman: 

• https://www.takealot.com/thinking-fast-and-slow/PLID19456785 
• https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555 

 

A great breakdown of the biases that I refer to regularly when lecturing: https://www.youtube.com/watch?v=uqXVAo7dVRU 

 

A little more about Dr Daniel Crosby: 

• https://www.standarddeviationspod.com/ 
• https://www.amazon.com/stores/Daniel-Crosby/author/B00O72MW1W?ref=ap_rdr&store_ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true

 

You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/system-1-and-system-2/  

Or watch to the video version of this podcast episode: https://youtu.be/9qa45_juNS4

 

Special thanks to everyone who has helped put this series together:    

• Our sponsors: IG Markets South Africa    
• Producer: Faeron Wheeler of F Creations    
• Music by: Neil Leachman    
• Sound recording and mixing: Giovanni Serci of Soundcast Studios    
• Video and editing: Kyle Wesson
• Hair and makeup: Ida Webster 
• Set styling: Michelle Murray of Interiors Etc.
• Voice over: Sizo Mphti