The Balesian Sunk Cost

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There is so much noise in essay grading that it's quite easy to imagine a programme that would look at various indicies. So we es professors won't need to great ams any more. You consider people working in psychology, or maybe economics, or just social sciences. Do you think people persist with their professional and research projects too long or not long enough? Where's the bias? My guess is too long. But, you know, it's a personal bias because of some costs,. Because of some cost and i think some cost is really the enemy.

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You might be surprised by what occupies Daniel Kahneman’s thoughts. “You seem to think that I think of bias all the time,” he tells Tyler. “I really don’t think of bias that much.” These days, noise might be the concept most on Kahneman’s mind. A forthcoming book, coauthored with Cass Sunstein and “a brilliant Frenchman you haven’t heard of” is about how random variability affects our decision-making. And while we’ve spent a lot of time studying how bias causes error in judgment, Kahneman says, we aren’t thinking nearly enough about the problem of noise.

In November, Kahneman joined Tyler for a live conversation about bias, noise and more, including happiness, memory, the replication crisis in psychology, advice to CEOs about improving decision-making, superforecasters, the influence of Freud, working in a second language, the value of intuition, and why he can’t help you win arguments with a spouse.

Read a full transcript enhanced with helpful links.

Recorded November 12th, 2018 Other ways to connect

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