Group Decision Making

topic on 1 show · 2 statements across 2 episodes

Capital Allocators

2 statements about Group Decision Making, every show

Massey: Correlating opinions drastically degrades group decision information value
“It's one of the simplest things you can do to improve group decision making is to build in more independence between opinions. The guys who do the stats on this will tell you know, it depends on how correlated these guys are, but two opinions, if they're uncor…”
Cade Massey Apr 19, 2021 ▶ 24:29 Cade Massey – People Analytics in Investing and the NFL (Capital Allocators, EP.190)
Duke: Group Decisions Are Not Better but Unjustifiably Boost Confidence
“What generally happens is that the decisions that come out of a group process are not really necessarily better. It's just that you have much more confidence in them because you have this perception that group decision making is higher quality. And that's actu…”
Annie Duke Sep 14, 2020 ▶ 1:05:51 Annie Duke – How to Decide (Capital Allocators, EP.156)

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