5min chapter

The Knowledge Project with Shane Parrish cover image

#68 Daniel Kahneman: Putting Your Intuition on Ice

The Knowledge Project with Shane Parrish

CHAPTER

The Importance of Anchors in Negotiations

Sometimes you can recognize a situation as one in whichyo, you're likely to be wrong. Intuitive prediction is not regressive - it doesn't recognize regression to the mean. And in statistics, things are less extreme than your impression. I think people are aware of the fact that you shouldn't make te decision about road safety within a short interval of the terrible accident. Eso, you should allow things to settle down and cool down. That's something thate, you know, you can improve if you recognize it.

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