The Jordan Harbinger Show cover image

518: Daniel Kahneman | When Noise Destroys Our Best of Choices

The Jordan Harbinger Show

00:00

Understanding Noise and the Wisdom of Crowds in Judgment

This chapter explores the concept of 'noise' in judicial sentencing, emphasizing its statistical nature in collective decisions. It illustrates how averaging independent judgments can reduce variability, using the example of people guessing the weight of an ox to demonstrate the wisdom of crowds and the accuracy of collective judgment.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app