EXTRA: Remembering Daniel Kahneman
The Freakonomics Radio Book Club
The Impact of Noise in Decision-Making Processes
The chapter explores the concept of noise in decision-making, stressing its impact on accuracy and consistency. It discusses real-world examples of noise audits in insurance companies and the significant financial implications of reducing noise. The conversation dives into the importance of decision hygiene and independent assessments to mitigate noise in various scenarios.
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