• The Surprising Ways We Fool Ourselves

  • Jan 27 2025
  • Length: 43 mins
  • Podcast

The Surprising Ways We Fool Ourselves

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  • How good are you at making decisions?How confident are you in your answer? The more aware you are of the way your mind works, the less sure you will be of your answer. Our decisions are fraught with biases and distortions.Thinking Fast and Slow is one of the most respected books on decision making. Daniel Kahneman's work won him a Nobel Prize for Economics. Some call it the bible for the developing field of Behavioural Economics.In it he shows a number of surprising ways we fool ourselves.Eduardo dos Santos Silva, Michael Ward, Romana Prochazkova and I met to discuss our insights from the book.Links:Eduardo Dos Santos SilvaMichael WardRomana ProchazkovaRob McPhillipsChapters:00:00 Introduction: Understanding Decision-Making Systems00:17 Key Insights from the Book01:10 Exploring Biases and Decision-Making01:40 The Importance of Diverse Teams02:55 Personal Reflections and Comparisons04:51 Frustrations with System One and System Two05:16 Regression to the Mean: A Key Concept06:13 Psychological Soundness and Boredom06:58 Head, Heart, and Gut: Different Systems?09:27 Decision-Making Processes and Logical Thinking13:04 The Book's Audience and Writing Style21:17 The Legacy of Kahneman and Tversky23:00 Visual Learning in Mathematics24:08 The Pyramid Pattern and Pattern Recognition26:57 Heuristics, Algorithms, and AI28:10 Cultural Differences and Fairness28:39 Book Readability and Summaries
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