Money and Finance
Sam Harris asks Daniel Kahneman a few questions
Much of your work focuses on the limitations of human intuition. Do you have any advice about when people should be especially hesitant to trust their intuitions?
When the stakes are high. We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: High-stake problems are likely to involve powerful emotions and strong impulses to action. If there is no time to reflect, then intuitively guided action may be better than freezing or paralysis, especially for the experienced decision maker. If there is time to reflect, slowing down is likely to be a good idea. The effort invested in “getting it right” should be commensurate with the importance of the decision.
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Book: Thinking, Fast and Slow
Related previous posts:
Freeman Dyson reviews Kahneman’s “Thinking, Fast and Slow”
Authors@Google: Daniel Kahneman
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Daniel Kahneman, In Conversation With Cass Sunstein
On February 3, 2014, Daniel Kahneman, Nobel Prize-winning author of Thinking, Fast and Slow, spoke with Cass Sunstein, Robert Walmsley University Professor in Spangler Auditorium at Harvard Business School. Link [H/T The Big Picture] ...................
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Daniel Kahneman On Charlie Rose
Link to: Daniel Kahneman on Charlie Rose.................... Related book: Thinking, Fast and Slow Related previous posts: Michael Lewis profiles Daniel Kahneman Authors@Google: Daniel Kahneman
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Humans Are Naturally Bad Investors - By Edward Chancellor
The aim of investment is, in the words of John Maynard Keynes, to “defeat the dark forces of time and ignorance”. Today, those forces appear as dark as at any time in our history. Rather than despairing, it is time to consider how we make decisions...
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Freeman Dyson Reviews Kahneman’s “thinking, Fast And Slow”
Found via Farnam Street. Link to Dyson’s review: How to Dispel Your Illusions………………..Book: Thinking, Fast and SlowRelated previous post: Authors@Google: Daniel Kahneman
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Two Brains Running
In 2002, Daniel Kahneman won the Nobel in economic science. What made this unusual — indeed, unique in the history of the prize — is that Kahneman is a psychologist. Specifically, he is one-half of a pair of psychologists who, beginning in the early...
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