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BONUS – Michael Mauboussin on the Decision Education Podcast

Feb 4, 2021

Michael Mauboussin, Head of Consilient Research at Counterpoint Global and a decision-making author, dives into the art of decision-making. He discusses the interplay between skill and luck, providing insights into how historical data and base rates enhance predictions. Drawing lessons from ant behavior, he examines exploration versus exploitation in human choices. Mauboussin emphasizes the need for reflection in decision processes and advocates for integrating decision education to sharpen critical thinking skills in future generations.

42:25

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Episode guests

Michael J. Mauboussin

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Episode notes

Intro

5min

Navigating Decisions: Skill vs. Luck

12min

Understanding Base Rates

6min

Exploration vs. Exploitation: Lessons from Ants

7min

Enhancing Decision-Making Through Reflection

12min

Balancing Individual Welfare and Societal Interests

2min

I am excited to share the first episode of a new podcast called The Decision Education Podcast. It’s the brainchild of the Alliance for Decision Education, a non-profit on whose Advisory Board I serve, whose mission is founded on the belief that better decisions lead to better lives and a better society.

In the first season of the podcast, Dr. Joe Sweeney talks to experts and shares tips on all things related to decision making. Today’s special episode is Joe’s interview with Michael Mauboussin, entitled Base Rates and Bees.

Please enjoy this introduction to The Decision Education podcast, which you can subscribe on your favorite podcast platform.

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