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The Decision Education Podcast
Episode 022: Deciding, Fast and Slow with Dr. Daniel Kahneman
Dec 20, 2023
59:29
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Quick takeaways
- The inside view leads to biased thinking, while the outside view allows for more accurate judgments based on reference classes and statistical distributions.
- Slowing down and taking time to think can prevent impulsive and biased thinking, leading to better decision-making.
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The Distinction Between Inside View and Outside View
The inside view is the default mode of thinking, where individuals rely on their intuition and personal perspectives to make decisions. However, it often leads to bias and overconfidence. On the other hand, the outside view involves considering reference classes and statistical distributions to make more accurate judgments. By looking at similar cases and their outcomes, individuals can gain a broader perspective and avoid falling into the trap of biased thinking.
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