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033 - How to Change Your Behavior and Make Better Decisions (with Katy Milkman)
FAREWELL
Wisdom in Crowds and Within Yourself
Insights from decision making reveal that there is wisdom in crowds as errors tend to cancel out when multiple opinions are averaged, leading to accurate results. An inner crowd within oneself can also be tapped into by reflecting on a problem over time and considering perspectives of trusted individuals. Better judgments are made by aggregating the thoughts of many intelligent individuals. Observing and emulating the thought processes of experienced people can enhance decision-making skills, leading to more systematic simulations and seeking outside advice proves valuable in making decisions, especially when younger.
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