Study Notes
Dual System Theory (Behavioural Economics)
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This term stems from the Nobel-prize winning work of Daniel Kahneman, who is best known for his work Thinking, Fast and Slow.
System 1 thinking is fast, sub-conscious and automatic.
System 2 thinking is slow, controlled and conscious. We tend to use System 2 thinking when the decision is really important, is highly personal to us and when our decision may have a large impact on other people.
You might also like
Behavioural Economics: Smoking Kids
23rd June 2012
The Best Nudge of All?
14th May 2015
Neuroscience, game theory, monkeys
30th July 2015
Teaching Behavioural Economics at A Level - Course Resource Pack
27th January 2016
The Dichotomy of Behavioural Economics
15th December 2016
Shopper happy to shun ultimatum offers
7th April 2017
Behavioural Economics (Quizlet Revision Activity)
Quizzes & Activities