Both Fast and Show Thinking are Necessary in Day to Day Life!

Fast thinking is great for making quick judgements and assessing your surroundings when there is no time to be methodical about a situation.
When you have to react quickly to a situation, you need fast thinking. It is not time to be methodical if you suddenly see a car speeding toward you.
If you were to be in that situation and use slow thinking, and in that moment ponder: "Wow! That car is a nice shade of green. I think I'll just stand here and admire it for a while." That would not be the proper response and you would likely sustain an injury, or worse.
This is why we have fast thinking - to react to critical situations and make snap-judgements:
"MOVE BODY! There's a car heading for me!"
There is a proper time and place to appreciate beauty, stop and smell the roses, or watch the clouds roll by, but that time is not every time.
Fast thinking is why much of the details about our environment fade to grey. If your brain was stuck in 'Slow Thinking Mode,' then when you went to the library, you would end up reading every book title you saw and forget your purpose for going to the library in the first place!
It is necessary to possess this quick discernment to categorize what is and is not important.
This process often runs in the background and we are not consciously aware of it which is useful in many situations.
Slow thinking is excellent for introspection and challenging old thinking patterns to see if they are still relevant.
There was an experiment with monkeys and bananas in a special cage. This cage had sprinklers that would spray jets of water everywhere in the cage whenever the rope which lead to the bananas was pulled. The monkeys hated the water spraying more than they wanted the bananas. The experimenters replaced one of the monkeys with a fresh monkey who knew nothing about the water which would spray when the rope was pulled. The new monkey would see the bananas at the top of the cage, reach for the rope to get to the bananas, and the surrounding monkeys would beat on the fresh monkey... Societal conditioning taught the new monkey that he couldn't have the bananas that he so desperately wanted, and he didn't know why!
The experiment continued with the scientists replacing each monkey with new ones until all of the original monkeys were replaced and only monkeys who were never sprayed by the water were left in the cage.
The experimenters turned off the water jets, but still none of the monkeys dare climb the rope to get to the bananas, and none of the monkeys knew why, other than "They weren't allowed."
Even when the conditions had changed and it was safe to climb the rope, none of the monkeys tried.
This is the danger of fast thinking without the balance of slow thinking.
If fast thinking takes over too much of daily activities, then you may become reactive and irritable. It becomes difficult to communicate clearly and effectively because fast thinking makes so many assumptions are about how things "should go".
In this situation, it becomes difficult, or in some cases impossible to effectively communicate boundaries, get along with others (unless they are a complete clone of yourself with all of your presuppositions and prejudices intact), or even collaborate.
This is especially true for intercultural workplaces!
Without the questioning of old programming that we take for granted, there is a danger of continuing with beliefs that once served us, but may hinder us in the present or future.
In the famous words of Dr. Phil, "How's that working out for you?"
Slow thinking helps to unpack the questions of "Who", "What", "When", "Where", and "Why" of our beliefs and check them to see if the are still useful.
If they are, Great! Keep them. If they are not, it becomes useful and even necessary to question, "What do they need to be replaced with?"
This is why it can be so useful to have a coach in personal or professional life. The coach helps to question "What is and isn't useful?" An outside perspective may be jarring, but beneficial!
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