2min snip

Simplifying Complexity cover image

In conversation with Rory Sutherland - Part 2

Simplifying Complexity

NOTE

Exploring Significance, P-Value and Anomalies in Decision-Making

The significance lies in exploring areas with anomalous or unusual characteristics, directing attention towards places that warrant further exploration. Decision-making should involve multiple forms of inquiry such as forensics, DNA analysis, and gathering information from various sources. The limited significance of p-values in the social sciences is emphasized, as they do not represent the importance of a finding but rather the confidence in generalizing it. In fields like medicine, averaging can blur distinctions between treatments beneficial to some but detrimental to others. It distinguishes engineering, where outcomes are relatively fixed, from the complexity of behavioral sciences where variability plays a crucial role. Roger L. Martin's insights on complexity thinking in business and his book about overcoming America's economic efficiency obsession are recommended for individuals interested in delving deeper into complex decision-making.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode