Dual System Theory (Behavioural Economics)
- A Level
- 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.