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MBA Insights
MBA Insight Collective
20 episodes
1 day ago
Dive into real scripts from the world’s leading MBA programs. MBA Insights brings you authentic lessons, from finance fundamentals to strategic marketing and leadership ethics, as taught in top 100 business school. Each episode distills high-level concepts, case studies, and actionable insights, making elite business education accessible and practical. Elevate your career with knowledge straight from the world’s best business schools — without the tuition fees.
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Business
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All content for MBA Insights is the property of MBA Insight Collective and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Dive into real scripts from the world’s leading MBA programs. MBA Insights brings you authentic lessons, from finance fundamentals to strategic marketing and leadership ethics, as taught in top 100 business school. Each episode distills high-level concepts, case studies, and actionable insights, making elite business education accessible and practical. Elevate your career with knowledge straight from the world’s best business schools — without the tuition fees.
Show more...
Business
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Organizational Behavior #04: System 1 & System 2 Thinking
MBA Insights
12 minutes 48 seconds
11 months ago
Organizational Behavior #04: System 1 & System 2 Thinking

In this episode, we dive into the fascinating concept of System 2, as described in Daniel Kahneman's influential book "Thinking, Fast and Slow." System 2 represents the part of our brain responsible for effortful thinking—tasks that require focus, deliberate thought, and self-control. It handles everything from complex calculations to evaluating logical arguments. But here’s the catch: System 2 is inherently lazy and follows what Kahneman calls the "law of least effort."

We’ll explore how System 2’s preference for shortcuts affects our everyday decision-making, often allowing System 1, our fast and intuitive thinking system, to take over. This is evident in examples like the "bat and ball" problem, where many people quickly respond with an intuitive but incorrect answer because System 2 avoids the extra work of checking the math. Similarly, System 2 tends to accept plausible conclusions without examining their validity, especially in situations involving logical syllogisms.

This tendency of System 2 to "check out" can leave us more susceptible to cognitive biases and errors, particularly under stress or cognitive load. When System 2 is tired or occupied, System 1 steps in, leading us to make impulsive or flawed decisions based on gut reactions rather than reasoned thought.

However, Kahneman’s research also provides hope: with practice, we can train System 2 to be more vigilant. By practicing mindfulness, actively questioning our intuitive responses, and challenging ourselves to engage in deeper thinking, we can reduce errors and make more thoughtful decisions.

Tune in to this episode to gain insight into the dual-process theory of the mind, understand how System 2’s "laziness" shapes our judgments, and discover strategies to strengthen your mental effort for more accurate and reliable decision-making.

MBA Insights
Dive into real scripts from the world’s leading MBA programs. MBA Insights brings you authentic lessons, from finance fundamentals to strategic marketing and leadership ethics, as taught in top 100 business school. Each episode distills high-level concepts, case studies, and actionable insights, making elite business education accessible and practical. Elevate your career with knowledge straight from the world’s best business schools — without the tuition fees.