Measuring everything that matters (with Doug Hubbard)
Clearer Thinking with Spencer Greenberg
Harnessing Algorithms for Better Decision-Making
This chapter contrasts human intuition with statistical models in fields such as medicine, sports, and finance, demonstrating how algorithms often outperform human judgment due to inherent biases and inconsistencies. It highlights the importance of calibration techniques in improving predictive accuracy and introduces various methods for enhancing decision-making skills, including the equivalent bet method and pre-mortem analysis. The conversation emphasizes the value of careful estimation and skepticism in predicting outcomes, ultimately underscoring the potential of algorithms to refine human decision-making.
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