Just finished Thinking, Fast and Slow and am giving out copies to others -- a great book, and very helpful at my particular water cooler.
A few follow up ideas that I am interested in are:
1) If we value the nearness of an experience in our preference, is that not like adjusting economics for the time value of money? Economists don't think much about time value, but it is of course the foundation of Finance.
2) 'System 1' seems to be the storehouse for learned and encoded information, generalizations, shortcuts, and estimates. I know people who have no system 1 capacity, and an impressive system 2. These individuals are autistic, and I think that is very interesting. To stay in system 2 processing constantly proves to be possible, and yet a significant social handicap. Conversely, people with autism are analytical, objective and unbiased. They truly may offer a way to study the analytical vs. the quick-judgement brain.
3) Applying behavioral economics to society as a whole has already shown benefits. I wonder what it has to say about social progress over generations. It seems that one of the reasons our system 1 has evolved is to consolidate learning and aid survival. How could better utilizing the division of labor between systems 1