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The Joe Walker Podcast cover image

Daniel Kahneman — Dyads, And Other Mysteries

The Joe Walker Podcast

NOTE

Reflect on Different Views for Better Planning

Reflecting on a problem from two different perspectives can provide valuable insights for planning. One perspective involves focusing solely on your specific problem, while the other involves seeing the problem as part of a class of similar issues. This approach, known as reference class planning, involves analyzing statistics from similar projects. By comparing their project to others and considering the statistics, the speaker realized they had a 40% chance of failure, despite being told they were slightly below average compared to similar projects.

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