Helpful votes received on reviews: 46% (12 of 26)


Top Reviewer Ranking: 358,665 - Total Helpful Votes: 12 of 26
Thinking, Fast and Slow by Daniel Kahneman
Thinking, Fast and Slow by Daniel Kahneman
12 of 26 people found the following review helpful
In his study of 25 investment advisers, Professor Kahneman makes the same mistake he made decades earlier in the Israeli Army when he was assigned to determine which officer candidates would make the best officers. That earlier effort repeatedly failed because not enough information was known about the candidates. In his study of the investment advisers, Professor Kahneman found that both they and their managers were over confident about the role that skill plays in giving financial advice. What he did not know or at least does not tell us is what kind of people become financial advisers and managers of such advisers. Is it possible that they tend to be over-confident individuals to begin… Read more