A very interesting interview about Biases in Human Judgement, here are key take aways;
- The area of Behavioral Economics pioneered by 2 Israeli social scientists; Daniel Kahneman & Amos Tversky
- Human Mind not wired to make probabilistic judgements
a) Blindness to statistical truths
b) Better in story telling-skewed in predictable ways using memory, biases/stereo types and trying to find patterns where patterns don’t exist
3. There is still many applications of rational thought and hope for it becoming the norm-despite Mr Trump (last bit is my add-on to the conversation)
One conclusion I personally draw from this interview is something I always advocate which is the concept of Evidence-Driven Critical Thinking and the emphasis on effective data evaluation not merely data collation.We certainly can do a much better job in policy if we apply this simple approach.