121: Michael Mauboussin – Tactics for Better Decision Making, and Skill Versus Luck
Chat With Traders
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The Importance of Information in Better Decisions
How often is more information the key to better decisions? Or can this lead to indecisiveness? Analysis, Ralph. Yeah. Can you speak to that a little bit? Sure. And it's a fascinating question, and I think that, look, in some domains, more information is better,. But there's a very, very famous series of psychological experiments that relate to this. The original one was done by Paul Slovik back in the 1970s.
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