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Boss Class 1 - Leadership: Weed it and reap
Boss Class from The Economist
Daniel Kahneman's Lesson on the Planning Fallacy and Intuition in Decision Making
Daniel Kahneman and his colleagues at Hebrew University fell victim to the planning fallacy, relying on their own optimistic estimates instead of considering similar projects as a point of reference. Despite skepticism towards intuition-based decision making, some individuals attribute their success to their gut feelings. However, luck often plays a significant role in reaching the top. Kahneman suggests that those individuals would benefit from adopting a structured process instead.
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