Decision-making Noise
Daniel explains how noise affects decision-making and shares his insights on a consulting assignment he had with an insurance company where they discovered that there was more noise in their underwriters' premiums than they expected. He also mentions that wherever there is judgment, there is noise and more of it than you think.In this clip
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The Knowledge Project
Daniel Kahneman | The Knowledge Project #68
Related Questions
How does Daniel Kahneman suggest handling intuition, financial forecasting, forecasting one's ability and capacity, and assessing the viability of our own personal assessments in the episode 518: Daniel Kahneman | When Noise Destroys Our Best of Choices and the clip Judicial Noise? How does he suggest we handle examples in which we obviously failed or completely over-estimated our ability?
How does Daniel Kahneman suggest handling intuition, financial forecasting, forecasting one's ability and capacity, and assessing the viability of our own personal assessments in the episode 518: Daniel Kahneman | When Noise Destroys Our Best of Choices and the clip Judicial Noise? How does he suggest we handle examples in which we obviously failed or completely over-estimated our ability?