You Don't Think Your Team Is Better, No?

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You feel pride if a stranger who lives on your street gets a prize. We derive a lot of emotion from it and i wouldn't call that a bias, because you can call any emotion a bias. There's a well known article by john liszt where he argues, if you study how experts trade assets, that a lot of what are called biases go away and become quite small. It's beautiful research. I'm convinced it's right. People act fairly rationally in routine transactions.

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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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