Which system of decision-making is characterized by fast decisions?

The system of decision-making characterized by fast decisions is associated with System 1. This is a concept that outlines two different modes of thinking as proposed by psychologists. System 1 operates automatically and quickly, with little or no effort and no sense of voluntary control. It's responsible for intuitive and immediate reactions, allowing individuals to make quick judgments based on heuristics and existing knowledge.

This fast decision-making is particularly useful in everyday situations where time is of the essence or when quick responses are necessary. Common examples include instinctual reactions to dangers or simple everyday choices that do not require extensive deliberation.

In contrast, other systems like System 2 involve more deliberative and slower processing, requiring conscious effort, reflection, and reasoning. This contrast highlights System 1's efficiency in situations requiring speed and immediacy, making it crucial for understanding how decisions are initiated and made in practice.