Daniel is no doubt our ages greatest thinker by critique of the popularity of critical thinking. Instead of thinking in an organic way, he thoroughly takes advantage of diachotomy in terms psychology versus economics; experiencing-self versus remembering-self; E versus Human; system 1 (intuitive thinking) versus system 2 (deliberate calculation) and so on. Obviously, he has solid knowledge of numerous economic theories, especially classical economic theories devised by the famous Chicago School. The basis of the Chicago School assumed human beings as rational-agent models. As long as you are learning Microeconomics, you must be familiar with those core conceptions.
Here is a problem. Unlike the majority of economists who lack expertise in forwarding narrow paths of economic theory, Daniel is ambitious and devotes surprising energy into bridging the gap (in academia, it is called interdisciplinary courses) by redirecting the subjects back to their original invention. The interdisciplinary revolution he indirectly suggests as something indolent in creation just undermined the prospect of Economics.
His background in statistics helps a lot in applying to two domains: medicine and social welfare. Take social welfare as an example. The well-being could be taken into account as an indicator of government policies. (PS: this is inconceivable before this book was publicized) Funny thing is that several countries, including China, have already abandoned indicators like unemployment, physical disability, and income. The national bureau of economics might eliminate those indicators in order to polish the economical reports because after all, the theory of representativeness as a cognitive bias applies to almost every human being. If there is something worth pursuing, no matter for experiencing-self or remembering-self, the ensured happiness must be taken into account, even though these two types of self almost always unparallel.
What makes Daniels thinking tank great is that in my perspective, he points out very subtle directions for future observers or scientists. Well, this book is really heavy one! Read it slowly. At least, it gives you the capacity to identify biases which should be avoided by all means. In our time, being a good observer is not enough. The decision makers should be inclusive and discriminating in the process of making decisions.
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