Intelligence Squared Daniel Kahneman on Making Intelligent Decisions in a Chaotic World - Part 2
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Jul 12, 2023 
Join renowned psychologist Daniel Kahneman and Olivier Sibony, a professor at HEC Paris, as they delve into intelligent decision-making amid chaos. They tackle the nuances of expertise, emphasizing the difficulty of trusting expert opinions in unpredictable fields. Their discussion on 'decision hygiene' reveals strategies to reduce noise in organizational judgment. Kahneman and Sibony also explore the delicate balance between judgment and creativity, highlighting how diverse perspectives can fuel innovation while mitigating biases that hamper decision quality.
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Respect Experts vs. True Experts
- Many judgments relying on experts are unverifiable, like long-term forecasts.
- Respect experts gain recognition through confidence and eloquence, not necessarily accuracy.
Decision Hygiene
- Use decision hygiene to reduce noise in judgments, similar to handwashing for preventative health.
- Structure decisions, aggregate independent opinions, and use relative judgments.
Noise Reduction in Organizations
- Organizations, not individuals, primarily benefit from noise reduction techniques.
- Individuals are less likely to change their decision-making processes.