Thinking, Fast and Slow - Chapters 35 - 38 Summary & Analysis

Daniel Kahneman
This Study Guide consists of approximately 39 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Thinking, Fast and Slow.
This section contains 1,047 words
(approx. 3 pages at 400 words per page)
Buy the Thinking, Fast and Slow Study Guide

Summary

Utility has two distinct definitions. Jeremy Bentham began his “Introduction to the Principles of Morals and Legislation” with these famous words: “Nature has placed mankind under the governance of two sovereign masters – pain and pleasure.” (391) Bentham later apologized for using the term “utility” to his experiences but admitted that he couldn’t think of a better word. Economists have used the word for “wantability” while Kahneman has used the term “decision utility.” He has long been fascinated with the possible difference between experienced utility and decision utility. He and a colleague developed a method of actually measuring the experience of pain. This information will assistant medical professionals in pain management.

It is tricky to distinguish between memories and experiences. For example, a man complained that the long symphony that he listened to was ruined because of a large scratch at the end of...

(read more from the Chapters 35 - 38 Summary)

This section contains 1,047 words
(approx. 3 pages at 400 words per page)
Buy the Thinking, Fast and Slow Study Guide
Copyrights
BookRags
Thinking, Fast and Slow from BookRags. (c)2016 BookRags, Inc. All rights reserved.
Follow Us on Facebook