THINKERS Workshop (with Spencer Greenberg)

Oct 13, 2020

In this insightful discussion, Jared Morris, the host of Thinker's Workshop, interviews Spencer Greenberg, a leader in applied mathematics and social sciences. They delve into cognitive biases that can distort our decision-making, highlighting the importance of self-awareness. Greenberg introduces the concept of 'gray thinking' and the need for nuanced approaches in complex issues. The conversation also tackles when to trust intuition versus reflective thinking, emphasizing the value of critical thinking skills for a more informed and adaptable mindset.

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INSIGHT

Cognitive Biases

Cognitive biases are systematic patterns in human behavior leading to inaccurate conclusions or decisions against one's goals.
These biases stem from our brains being adapted to ancient environments, not the complexities of the modern world.

ANECDOTE

Recency Bias Example

The recency bias makes us overweight recent information, like a friend canceling dinner, compared to past positive interactions.
This bias can be helpful as recent information is often relevant, but it can also be unfair to disregard older data.

ANECDOTE

Sunk Cost Fallacy

The sunk cost fallacy explains our reluctance to abandon projects despite poor future prospects due to significant past investments.
We wrongly perceive quitting as a total loss, even though past investments are non-recoverable regardless.

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