Thinking, Fast and Slow – By Daniel Kahneman (Nobel Memorial Prize in Economics winner for his development of prospect theory along with Amos Tversky) should be required reading in every law school. It has been out for several years, so this “newsflash” is anything but.
This book is a MUST read for any lawyer but especially those lawyers that have to assist clients with decisions that involve loss and gains. If you have a favorite litigator in your circle of friends, this would make a great holiday gift.
For estate planners, this book is also a must read, as it dives deep into the human minds decision making process and explores our decision making process, as well as our clients.
Read it. Then plan on reading it again. I know I will.
