In many ways, Nobel Laureate Daniel Kahneman’s work has created a brand new world of behavioral inquiry for applying human knowledge. Some of his simple yet powerful principles on intelligent thinking—such as the System 1 and System 2 thinking processes—provide a practical framework for understanding the mental structures that drive our choices. Investment professionals are constantly required to make decisions in the face of uncertainty. Kahneman’s contributions are of special significance to the financial marketplace. In this interview, Kahneman reviews his work and also provides insights on ways behavioral thinking could evolve.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.