The Jordan Harbinger Show 518: Daniel Kahneman | When Noise Destroys Our Best of Choices
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Jun 8, 2021 
Daniel Kahneman, a Nobel Prize-winning psychologist and author of 'Thinking, Fast and Slow,' explores the pervasive issue of 'noise' in decision-making. He discusses how variability in judgments can lead to inconsistent choices, affecting fields like medicine and law. Kahneman emphasizes the need to distinguish between noise and bias and suggests methods to enhance judgment quality. He also delves into irrational human responses to risk and the challenges posed by biases in both human and algorithmic decision-making.
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Noise in Judgments
- Noise is variability in judgments that should be identical.
- It impacts fields like medicine, law, and finance, potentially with severe consequences.
Encounter with an SS Soldier
- As a child during WWII, Kahneman encountered an SS soldier who showed him kindness.
- This experience highlighted the complexity of human nature, a theme central to his work.
Noise vs. Bias
- Noise, different from bias, is the variability in judgments of the same thing.
- Noise is a significant source of error, often exceeding bias in impact.
