Oct 15, 2019 · 1h 5m · knowledge-project

#68 Daniel Kahneman: Putting Your Intuition on Ice

Daniel Kahneman · 48m spoken Shane Parrish · 10m spoken
0:00 / 0:00

gold bands on the timeline = statements, start to end. Hover to read, click to jump. CC turns on captions

In this interview on The Knowledge Project, Nobel laureate Daniel Kahneman deconstructs the mechanics of human judgment, advocating for structured decision frameworks that delay intuition and mitigate systemic cognitive noise and bias. He offers practical strategies for organizational leadership, negotiation, and behavioral change while reflecting on his intellectual career and the limits of individual rationality.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. Shane holds 17.7% of the talking time here. How this is scored →

Shane as informed peer 2.9 Guest teaching 5.0 Guest disagreement 1.5 Shane pushing back 0.5
05100:0015:0030:0045:001:00:001:48–6:36 · Shane as informed peer 1/10 Childhood in Wartime France and Early Psychological Calling Shane asks open biographical questions about Kahneman's youth in wartime France. Kahneman shares how his early childhood essays on Pascal and religious pomp foreshadowed his psychological career.6:36–12:31 · Shane as informed peer 3/10 Reflections on Working with Amos Tversky Shane brings up Kahneman's research on happiness vs life satisfaction and the 70k income threshold. Kahneman explains how he had to abandon his early assumption that experienced happiness was the sole reality of well-being.12:32–16:21 · Shane as informed peer 2/10 Behavioral Change and Kurt Lewin's Restraining Forces Kahneman immediately rejects Shane's prompt about changing behavior by asserting that optimism about behavioral change is deluded. He details Kurt Lewin's model of focusing on restraining forces over driving forces.16:22–21:28 · Shane as informed peer 3/10 Situational Pressures and the Fundamental Attribution Error Shane asks about key psychological lessons and situational drivers. Kahneman outlines the fundamental attribution error and connects loss aversion in policy reform to compensating potential losers.21:29–24:50 · Shane as informed peer 3/10 Impediments to Clear Thinking and Belief Formation Kahneman argues that clear independent thinking is nearly impossible because beliefs are rooted in trust and social identification rather than reasons. Shane attempts to tease out belief formation remedies.24:51–31:27 · Shane as informed peer 4/10 The Israeli Army Interview System: Delaying Intuition Shane articulates the conditions for intuitive expertise (stable environments, rapid feedback). Kahneman recounts designing the Israeli Army interview system that delayed intuition until structured trait scores were completed.31:27–34:18 · Shane as informed peer 3/10 Implementing Structured Assessments and Protecting Dissenters Kahneman emphasizes the necessity of independent assessments during corporate decision-making and the vital role leadership plays in protecting dissenters.34:18–37:59 · Shane as informed peer 4/10 Deconstructing Judgment, Intuition, and Cognitive Bias Mitigation Shane inquires about evaluating judgment and cognitive biases. Kahneman notes that even a lifetime of studying heuristics does not make an individual immune to cognitive biases.37:59–44:26 · Shane as informed peer 2/10 Anchoring Effects and Non-Regressive Predictions Kahneman walks through negotiation anchoring and presents his definitive Julie reading-age thought experiment to illustrate non-regressive prediction and failure to account for regression to the mean.44:27–47:20 · Shane as informed peer 3/10 Leadership Overconfidence and the Psychology of Negotiation Shane explores whether societal pressures drive rapid decision-making in leaders. Kahneman contrasts intuitive overconfident leaders with deliberate ones and links negotiation back to removing restraining forces.47:20–53:40 · Shane as informed peer 3/10 Organizational Protocols: Premortems and Mediating Assessments Kahneman details Gary Klein's premortem technique and his own concept of mediating assessments in investment committees to force independent evaluation of evidence.53:41–56:23 · Shane as informed peer 4/10 Decision Journals and Organizational Resistance to Accountability Shane suggests decision journals could identify high-judgment subordinates suppressed by managers. Kahneman agrees theoretically but notes political fear of embarrassment prevents implementation.56:24–1:00:50 · Shane as informed peer 3/10 Noise in Human Judgment and Frame of Reference Training Kahneman introduces his research on system noise, showing a 50 percent variance among insurance underwriters, and presents frame of reference training as a calibration method.1:00:51–1:05:08 · Shane as informed peer 3/10 The Psychology Replication Crisis and Calibrating Scientific Intuitions Kahneman reflects on the psychology replication crisis, candidly admitting his own gullibility regarding behavioral priming, and explains why psychologists confuse clear intuitions with strong effect sizes.1:48–6:36 · Guest teaching 2/10 Childhood in Wartime France and Early Psychological Calling Shane asks open biographical questions about Kahneman's youth in wartime France. Kahneman shares how his early childhood essays on Pascal and religious pomp foreshadowed his psychological career.6:36–12:31 · Guest teaching 5/10 Reflections on Working with Amos Tversky Shane brings up Kahneman's research on happiness vs life satisfaction and the 70k income threshold. Kahneman explains how he had to abandon his early assumption that experienced happiness was the sole reality of well-being.12:32–16:21 · Guest teaching 6/10 Behavioral Change and Kurt Lewin's Restraining Forces Kahneman immediately rejects Shane's prompt about changing behavior by asserting that optimism about behavioral change is deluded. He details Kurt Lewin's model of focusing on restraining forces over driving forces.16:22–21:28 · Guest teaching 5/10 Situational Pressures and the Fundamental Attribution Error Shane asks about key psychological lessons and situational drivers. Kahneman outlines the fundamental attribution error and connects loss aversion in policy reform to compensating potential losers.21:29–24:50 · Guest teaching 5/10 Impediments to Clear Thinking and Belief Formation Kahneman argues that clear independent thinking is nearly impossible because beliefs are rooted in trust and social identification rather than reasons. Shane attempts to tease out belief formation remedies.24:51–31:27 · Guest teaching 6/10 The Israeli Army Interview System: Delaying Intuition Shane articulates the conditions for intuitive expertise (stable environments, rapid feedback). Kahneman recounts designing the Israeli Army interview system that delayed intuition until structured trait scores were completed.31:27–34:18 · Guest teaching 4/10 Implementing Structured Assessments and Protecting Dissenters Kahneman emphasizes the necessity of independent assessments during corporate decision-making and the vital role leadership plays in protecting dissenters.34:18–37:59 · Guest teaching 5/10 Deconstructing Judgment, Intuition, and Cognitive Bias Mitigation Shane inquires about evaluating judgment and cognitive biases. Kahneman notes that even a lifetime of studying heuristics does not make an individual immune to cognitive biases.37:59–44:26 · Guest teaching 7/10 Anchoring Effects and Non-Regressive Predictions Kahneman walks through negotiation anchoring and presents his definitive Julie reading-age thought experiment to illustrate non-regressive prediction and failure to account for regression to the mean.44:27–47:20 · Guest teaching 4/10 Leadership Overconfidence and the Psychology of Negotiation Shane explores whether societal pressures drive rapid decision-making in leaders. Kahneman contrasts intuitive overconfident leaders with deliberate ones and links negotiation back to removing restraining forces.47:20–53:40 · Guest teaching 5/10 Organizational Protocols: Premortems and Mediating Assessments Kahneman details Gary Klein's premortem technique and his own concept of mediating assessments in investment committees to force independent evaluation of evidence.53:41–56:23 · Guest teaching 4/10 Decision Journals and Organizational Resistance to Accountability Shane suggests decision journals could identify high-judgment subordinates suppressed by managers. Kahneman agrees theoretically but notes political fear of embarrassment prevents implementation.56:24–1:00:50 · Guest teaching 6/10 Noise in Human Judgment and Frame of Reference Training Kahneman introduces his research on system noise, showing a 50 percent variance among insurance underwriters, and presents frame of reference training as a calibration method.1:00:51–1:05:08 · Guest teaching 6/10 The Psychology Replication Crisis and Calibrating Scientific Intuitions Kahneman reflects on the psychology replication crisis, candidly admitting his own gullibility regarding behavioral priming, and explains why psychologists confuse clear intuitions with strong effect sizes.1:48–6:36 · Guest disagreement 1/10 Childhood in Wartime France and Early Psychological Calling Shane asks open biographical questions about Kahneman's youth in wartime France. Kahneman shares how his early childhood essays on Pascal and religious pomp foreshadowed his psychological career.6:36–12:31 · Guest disagreement 1/10 Reflections on Working with Amos Tversky Shane brings up Kahneman's research on happiness vs life satisfaction and the 70k income threshold. Kahneman explains how he had to abandon his early assumption that experienced happiness was the sole reality of well-being.12:32–16:21 · Guest disagreement 5/10 Behavioral Change and Kurt Lewin's Restraining Forces Kahneman immediately rejects Shane's prompt about changing behavior by asserting that optimism about behavioral change is deluded. He details Kurt Lewin's model of focusing on restraining forces over driving forces.16:22–21:28 · Guest disagreement 1/10 Situational Pressures and the Fundamental Attribution Error Shane asks about key psychological lessons and situational drivers. Kahneman outlines the fundamental attribution error and connects loss aversion in policy reform to compensating potential losers.21:29–24:50 · Guest disagreement 2/10 Impediments to Clear Thinking and Belief Formation Kahneman argues that clear independent thinking is nearly impossible because beliefs are rooted in trust and social identification rather than reasons. Shane attempts to tease out belief formation remedies.24:51–31:27 · Guest disagreement 1/10 The Israeli Army Interview System: Delaying Intuition Shane articulates the conditions for intuitive expertise (stable environments, rapid feedback). Kahneman recounts designing the Israeli Army interview system that delayed intuition until structured trait scores were completed.31:27–34:18 · Guest disagreement 1/10 Implementing Structured Assessments and Protecting Dissenters Kahneman emphasizes the necessity of independent assessments during corporate decision-making and the vital role leadership plays in protecting dissenters.34:18–37:59 · Guest disagreement 1/10 Deconstructing Judgment, Intuition, and Cognitive Bias Mitigation Shane inquires about evaluating judgment and cognitive biases. Kahneman notes that even a lifetime of studying heuristics does not make an individual immune to cognitive biases.37:59–44:26 · Guest disagreement 2/10 Anchoring Effects and Non-Regressive Predictions Kahneman walks through negotiation anchoring and presents his definitive Julie reading-age thought experiment to illustrate non-regressive prediction and failure to account for regression to the mean.44:27–47:20 · Guest disagreement 1/10 Leadership Overconfidence and the Psychology of Negotiation Shane explores whether societal pressures drive rapid decision-making in leaders. Kahneman contrasts intuitive overconfident leaders with deliberate ones and links negotiation back to removing restraining forces.47:20–53:40 · Guest disagreement 1/10 Organizational Protocols: Premortems and Mediating Assessments Kahneman details Gary Klein's premortem technique and his own concept of mediating assessments in investment committees to force independent evaluation of evidence.53:41–56:23 · Guest disagreement 1/10 Decision Journals and Organizational Resistance to Accountability Shane suggests decision journals could identify high-judgment subordinates suppressed by managers. Kahneman agrees theoretically but notes political fear of embarrassment prevents implementation.56:24–1:00:50 · Guest disagreement 1/10 Noise in Human Judgment and Frame of Reference Training Kahneman introduces his research on system noise, showing a 50 percent variance among insurance underwriters, and presents frame of reference training as a calibration method.1:00:51–1:05:08 · Guest disagreement 2/10 The Psychology Replication Crisis and Calibrating Scientific Intuitions Kahneman reflects on the psychology replication crisis, candidly admitting his own gullibility regarding behavioral priming, and explains why psychologists confuse clear intuitions with strong effect sizes.1:48–6:36 · Shane pushing back 0/10 Childhood in Wartime France and Early Psychological Calling Shane asks open biographical questions about Kahneman's youth in wartime France. Kahneman shares how his early childhood essays on Pascal and religious pomp foreshadowed his psychological career.6:36–12:31 · Shane pushing back 1/10 Reflections on Working with Amos Tversky Shane brings up Kahneman's research on happiness vs life satisfaction and the 70k income threshold. Kahneman explains how he had to abandon his early assumption that experienced happiness was the sole reality of well-being.12:32–16:21 · Shane pushing back 1/10 Behavioral Change and Kurt Lewin's Restraining Forces Kahneman immediately rejects Shane's prompt about changing behavior by asserting that optimism about behavioral change is deluded. He details Kurt Lewin's model of focusing on restraining forces over driving forces.16:22–21:28 · Shane pushing back 0/10 Situational Pressures and the Fundamental Attribution Error Shane asks about key psychological lessons and situational drivers. Kahneman outlines the fundamental attribution error and connects loss aversion in policy reform to compensating potential losers.21:29–24:50 · Shane pushing back 1/10 Impediments to Clear Thinking and Belief Formation Kahneman argues that clear independent thinking is nearly impossible because beliefs are rooted in trust and social identification rather than reasons. Shane attempts to tease out belief formation remedies.24:51–31:27 · Shane pushing back 0/10 The Israeli Army Interview System: Delaying Intuition Shane articulates the conditions for intuitive expertise (stable environments, rapid feedback). Kahneman recounts designing the Israeli Army interview system that delayed intuition until structured trait scores were completed.31:27–34:18 · Shane pushing back 0/10 Implementing Structured Assessments and Protecting Dissenters Kahneman emphasizes the necessity of independent assessments during corporate decision-making and the vital role leadership plays in protecting dissenters.34:18–37:59 · Shane pushing back 1/10 Deconstructing Judgment, Intuition, and Cognitive Bias Mitigation Shane inquires about evaluating judgment and cognitive biases. Kahneman notes that even a lifetime of studying heuristics does not make an individual immune to cognitive biases.37:59–44:26 · Shane pushing back 0/10 Anchoring Effects and Non-Regressive Predictions Kahneman walks through negotiation anchoring and presents his definitive Julie reading-age thought experiment to illustrate non-regressive prediction and failure to account for regression to the mean.44:27–47:20 · Shane pushing back 1/10 Leadership Overconfidence and the Psychology of Negotiation Shane explores whether societal pressures drive rapid decision-making in leaders. Kahneman contrasts intuitive overconfident leaders with deliberate ones and links negotiation back to removing restraining forces.47:20–53:40 · Shane pushing back 0/10 Organizational Protocols: Premortems and Mediating Assessments Kahneman details Gary Klein's premortem technique and his own concept of mediating assessments in investment committees to force independent evaluation of evidence.53:41–56:23 · Shane pushing back 2/10 Decision Journals and Organizational Resistance to Accountability Shane suggests decision journals could identify high-judgment subordinates suppressed by managers. Kahneman agrees theoretically but notes political fear of embarrassment prevents implementation.56:24–1:00:50 · Shane pushing back 0/10 Noise in Human Judgment and Frame of Reference Training Kahneman introduces his research on system noise, showing a 50 percent variance among insurance underwriters, and presents frame of reference training as a calibration method.1:00:51–1:05:08 · Shane pushing back 0/10 The Psychology Replication Crisis and Calibrating Scientific Intuitions Kahneman reflects on the psychology replication crisis, candidly admitting his own gullibility regarding behavioral priming, and explains why psychologists confuse clear intuitions with strong effect sizes.

speaking balance: gold is Shane, purple is the guest (3 minute bins)

0:00 · Shane 54.9% · guest 45.1%0:00 · Shane 54.9% · guest 45.1%3:00 · Shane 10.2% · guest 89.8%3:00 · Shane 10.2% · guest 89.8%6:00 · Shane 11.4% · guest 88.6%6:00 · Shane 11.4% · guest 88.6%9:00 · Shane 9.7% · guest 90.3%9:00 · Shane 9.7% · guest 90.3%12:00 · Shane 15.8% · guest 84.2%12:00 · Shane 15.8% · guest 84.2%15:00 · Shane 11.9% · guest 88.1%15:00 · Shane 11.9% · guest 88.1%18:00 · Shane 16.9% · guest 83.1%18:00 · Shane 16.9% · guest 83.1%21:00 · Shane 30.2% · guest 69.8%21:00 · Shane 30.2% · guest 69.8%24:00 · Shane 33.3% · guest 66.7%24:00 · Shane 33.3% · guest 66.7%27:00 · Shane 0% · guest 100%27:00 · Shane 0% · guest 100%30:00 · Shane 4.2% · guest 95.8%30:00 · Shane 4.2% · guest 95.8%33:00 · Shane 24.7% · guest 75.3%33:00 · Shane 24.7% · guest 75.3%36:00 · Shane 31.2% · guest 68.8%36:00 · Shane 31.2% · guest 68.8%39:00 · Shane 0.4% · guest 99.6%39:00 · Shane 0.4% · guest 99.6%42:00 · Shane 20.8% · guest 79.2%42:00 · Shane 20.8% · guest 79.2%45:00 · Shane 38.3% · guest 61.7%45:00 · Shane 38.3% · guest 61.7%48:00 · Shane 4% · guest 96%48:00 · Shane 4% · guest 96%51:00 · Shane 11.8% · guest 88.2%51:00 · Shane 11.8% · guest 88.2%54:00 · Shane 30.5% · guest 69.5%54:00 · Shane 30.5% · guest 69.5%57:00 · Shane 5.4% · guest 94.6%57:00 · Shane 5.4% · guest 94.6%1:00:00 · Shane 5.8% · guest 94.2%1:00:00 · Shane 5.8% · guest 94.2%1:03:00 · Shane 22.2% · guest 77.8%1:03:00 · Shane 22.2% · guest 77.8%
Sharpest disagreement ▶ 12:45 Kahneman rejects premise on behavior change

Kahneman flatly dismisses the host's premise that behavior is readily changeable, calling anyone optimistic about behavior change deluded.

Hardest push from Shane ▶ 55:29 Parrish presses case for decision journals to surface talent

Parrish offers a structured economic argument for decision journals as an objective tool to reveal managerial talent suppressed by organizational hierarchy.

Biggest teaching moment ▶ 40:59 Kahneman breaks down non-regressive prediction with Julie example

Kahneman meticulously demonstrates how the human mind replaces statistical regression with matching intensity percentiles using the Julie reading age thought experiment.

Shane holds their own ▶ 24:51 Parrish synthesizes Klein and Kahneman conditions for valid intuition

Parrish demonstrates fluency with decision science literature by accurately synthesizing the environmental preconditions required for trustworthy intuition.

the scores for every segment, with the reasoning behind each
ChapterTopicShane as informed peerGuest teachingGuest disagreementShane pushing backWhy
Childhood in Wartime France and Early Psychological Calling 1210 Shane asks open biographical questions about Kahneman's youth in wartime France. Kahneman shares how his early childhood essays on Pascal and religious pomp foreshadowed his psychological career.
Reflections on Working with Amos Tversky 3511 Shane brings up Kahneman's research on happiness vs life satisfaction and the 70k income threshold. Kahneman explains how he had to abandon his early assumption that experienced happiness was the sole reality of well-being.
Behavioral Change and Kurt Lewin's Restraining Forces 2651 Kahneman immediately rejects Shane's prompt about changing behavior by asserting that optimism about behavioral change is deluded. He details Kurt Lewin's model of focusing on restraining forces over driving forces.
Situational Pressures and the Fundamental Attribution Error 3510 Shane asks about key psychological lessons and situational drivers. Kahneman outlines the fundamental attribution error and connects loss aversion in policy reform to compensating potential losers.
Impediments to Clear Thinking and Belief Formation 3521 Kahneman argues that clear independent thinking is nearly impossible because beliefs are rooted in trust and social identification rather than reasons. Shane attempts to tease out belief formation remedies.
The Israeli Army Interview System: Delaying Intuition 4610 Shane articulates the conditions for intuitive expertise (stable environments, rapid feedback). Kahneman recounts designing the Israeli Army interview system that delayed intuition until structured trait scores were completed.
Implementing Structured Assessments and Protecting Dissenters 3410 Kahneman emphasizes the necessity of independent assessments during corporate decision-making and the vital role leadership plays in protecting dissenters.
Deconstructing Judgment, Intuition, and Cognitive Bias Mitigation 4511 Shane inquires about evaluating judgment and cognitive biases. Kahneman notes that even a lifetime of studying heuristics does not make an individual immune to cognitive biases.
Anchoring Effects and Non-Regressive Predictions 2720 Kahneman walks through negotiation anchoring and presents his definitive Julie reading-age thought experiment to illustrate non-regressive prediction and failure to account for regression to the mean.
Leadership Overconfidence and the Psychology of Negotiation 3411 Shane explores whether societal pressures drive rapid decision-making in leaders. Kahneman contrasts intuitive overconfident leaders with deliberate ones and links negotiation back to removing restraining forces.
Organizational Protocols: Premortems and Mediating Assessments 3510 Kahneman details Gary Klein's premortem technique and his own concept of mediating assessments in investment committees to force independent evaluation of evidence.
Decision Journals and Organizational Resistance to Accountability 4412 Shane suggests decision journals could identify high-judgment subordinates suppressed by managers. Kahneman agrees theoretically but notes political fear of embarrassment prevents implementation.
Noise in Human Judgment and Frame of Reference Training 3610 Kahneman introduces his research on system noise, showing a 50 percent variance among insurance underwriters, and presents frame of reference training as a calibration method.
The Psychology Replication Crisis and Calibrating Scientific Intuitions 3620 Kahneman reflects on the psychology replication crisis, candidly admitting his own gullibility regarding behavioral priming, and explains why psychologists confuse clear intuitions with strong effect sizes.

Statements from this episode (31)

Insight
Kahneman: Happiness is social; life satisfaction stems from conventional success
“Happiness is mostly social. It's, you know, it's being with people you love. Who love you back. That's a lot of what happiness is. Life satisfaction is much more conventional. It's to be successful. And, you know, so it's money, education, prestige, that sort …”
Daniel Kahneman Oct 15, 2019 ▶ 9:18
Assertion Supported
Kahneman: Income above $70,000 raises life satisfaction but not emotional happiness
“The research I did with Angus Deaton at Princeton, famous economist, we showed that in terms of happiness, in terms of emotional tone, positive and negative, Having a lot of money doesn't make you happier, but being poor makes you miserable. So that's above a …”
Daniel Kahneman Oct 15, 2019 ▶ 10:38
Insight
Kahneman: Billionaires accumulate money as a subjective proxy for their competence
“You look at all those people, all those billionaires working their heads off, and they're clearly not doing this because they need more money. They're trying to get more money, and they're trying to get more money because that would be an indication that they'…”
Daniel Kahneman Oct 15, 2019 ▶ 11:33
Insight
Kahneman: Anyone optimistic about easily changing human behavior is completely deluded
“I think changing behavior is extremely difficult. There are a few tips and, you know, a few guidelines about how to do that, but anybody who is very optimistic about changing behavior is just deluded. It's hard to change other people's behavior. It's very hard…”
Daniel Kahneman Oct 15, 2019 ▶ 12:48
Insight
Kahneman: Change behavior by weakening restraining forces rather than pushing harder
“And what we tend to do when we want to move people from A to B is we push them. We add to the driving forces. And Kurt Lewin's insight was that this is not what you should do. You should actually work on the restraining forces and try to make them weaker.”
Daniel Kahneman Oct 15, 2019 ▶ 14:59
Insight
Kahneman: Human behavior is driven by situations, not just personality traits
“Behaviors don't necessarily reflect the personality, but behaviors have a lot to do with the situation.”
Daniel Kahneman Oct 15, 2019 ▶ 16:38
Assertion Supported
Kahneman: Agents making decisions on behalf of others skip loss aversion
“But there is an interesting result that if you have an agent making decisions on somebody's behalf, that agent doesn't have loss of urge. So that agent sells and buys at the same price, which is the economically rational thing to do.”
Daniel Kahneman Oct 15, 2019 ▶ 18:26
Insight
Kahneman: Policy reforms fail because potential losers fight harder than winners
“And it turns out that you can really expect losers, potential losers, to fight a lot harder than potential winners. And that's the reason that reforms so frequently fail, and that when they succeed, they're almost always way more expensive than anticipated, an…”
Daniel Kahneman Oct 15, 2019 ▶ 19:03
Insight
Kahneman: People adopt beliefs by trusting others, not through objective reasoning
“We believe in things most of the time, not because we have good reasons to believe them. If you ask me for reasons, I'll explain you. I'll always find a reason, but the reasons are not the causes of our beliefs. We have beliefs because mostly we believe in som…”
Daniel Kahneman Oct 15, 2019 ▶ 22:14
Disclosure
Kahneman: His belief in climate change stems from trusting authority figures
“That's how I believe in climate change, you know. I believe in the people who tell me there is climate change, and the people who don't believe in climate change, they believe in other people”
Daniel Kahneman Oct 15, 2019 ▶ 23:44
Insight
Kahneman: Replacing human judgment with algorithms strictly improves decision quality
“If you really want to improve the quality of decision making, use algorithms. I mean, whenever, wherever you can if you can replace judgments by rules and algorithms, they'll do better.”
Daniel Kahneman Oct 15, 2019 ▶ 26:10
Insight
Kahneman: Delaying intuition until evaluating separate dimensions produces better decisions
“That when you are making decisions, you should think of options as if they were candidates. So you should break, break it up into dimensions, evaluate each dimension separately, then look at the profile, and the key is, delay your intuition. Don't try to form …”
Daniel Kahneman Oct 15, 2019 ▶ 30:45
Insight
Kahneman: Unstructured evaluation drives people to confirm their quick initial impressions
“Very quickly you form an impression, and then you spend most of your time confirming it, instead of collecting evidence. And so, if accidentally your impression was in the wrong direction, you're going to confirm it, and you don't give yourself a chance to cor…”
Daniel Kahneman Oct 15, 2019 ▶ 32:37
Insight
Kahneman: Group decision leaders must actively protect dissenters to enable disagreement
“In, in general, you know, if you are, if you're the head of a group that makes decisions, one of your missions would be to protect the dissenters. Because they're very valuable, and you should make it painless to dissent, or as painless as possible, because it…”
Daniel Kahneman Oct 15, 2019 ▶ 33:52
Insight
Kahneman: Spotting flawed judgment is easier than recognizing good judgment
“So it's harder to recognize very good judgment, but it's fairly easy to see, you know, what goes wrong, and there are quite a few ways for judgment to go wrong.”
Daniel Kahneman Oct 15, 2019 ▶ 36:34
Disclosure
Kahneman: Decades of studying cognitive biases has not made him immune
“Yeah, certainly not much better, no.”
Daniel Kahneman Oct 15, 2019 ▶ 37:14
Insight
Kahneman: Organizations can improve decision-making, but individual self-correction usually fails
“So in general, you know, more educated people make better judgments, I think, on average, but people decide I'm going to make better judgments. I don't think that's very hopeful. I'm much more hopeful about organizations, because organizations think more slowl…”
Daniel Kahneman Oct 15, 2019 ▶ 37:30
Insight
Kahneman: The first mover in negotiations holds a distinct anchoring advantage
“The person who moves first in a negotiation has an advantage. Because it, the first number changes everybody's view of what is considered plausible. So it moves things in that direction.”
Daniel Kahneman Oct 15, 2019 ▶ 39:22
Insight
Kahneman: Optimal statistical predictions are always less extreme than intuitive impressions
“The best prediction, the best guess is always less extreme than your impression. Intuitive prediction is, as we say, not regressive. It doesn't recognize regression to the mean, but statistics is statistics, and in statistics, things are less extreme”
Daniel Kahneman Oct 15, 2019 ▶ 40:29
Insight
Kahneman: People prefer leaders who are highly intuitive and overconfident
“I think it's pretty clear that people prefer leaders who are intuitive and who are overconfident. Leaders who deliberate too much are viewed with suspicion, you know.”
Daniel Kahneman Oct 15, 2019 ▶ 45:34
Insight
Kahneman: Negotiation is about understanding the counterpart, not applying pressure
“That negotiation is not about trying to convince the other guy. It's about trying to understand them. So again, it's slowing yourself down, it's not doing what comes naturally, because trying to convince them is applying pressure. Arguments, promises, and thre…”
Daniel Kahneman Oct 15, 2019 ▶ 46:40
Insight
Kahneman: Premortems legitimize team dissent and reveal critical decision loopholes
“And the premortem legitimizes that sort of dissent and that sort of doubt. Not only legitimizes it, you know, it rewards it. And so that's a very good idea. I don't, you know, I don't think that it's going to prevent people from making mistakes, big mistakes, …”
Daniel Kahneman Oct 15, 2019 ▶ 48:47
Insight
Kahneman: Writing decisions down before meetings prevents rapid group convergence
“When you're going to be discussing a topic, and it's known in advance, and people have been sent some material to think about the topic, that you may want them to write down their decision, the decision they are in favor of, before the discussion starts. That …”
Daniel Kahneman Oct 15, 2019 ▶ 49:53
Insight
Kahneman: Decision-makers should track decisions despite widespread resistance to retrospective accountability
“I would advise people who make a lot of decisions to keep track. Their decisions and of how they turned out. So that later you can come and evaluate your procedures and see whether there is anything that is in common with those decisions that turned out well a…”
Daniel Kahneman Oct 15, 2019 ▶ 53:41
Disclosure
Kahneman: Consulting clients universally rejected his recommendation to track decision outcomes
“When I suggested that, never went anywhere.”
Daniel Kahneman Oct 15, 2019 ▶ 54:38
Insight
Kahneman: Effective decision journals record core pros, cons, and considered alternatives
“You would want to say, what were the main arguments, pro and con? What were the alternatives that were considered? You know, it doesn't have to be very detailed. But it should be enough so that you can come later and debrief yourself.”
Daniel Kahneman Oct 15, 2019 ▶ 55:01
Insight
Kahneman: Organizations reject decision-tracking tools that threaten leaders with retrospective embarrassment
“Certainly anything that threatens the leader is not going to be adopted, and leaders may not want something that threatened their subordinates either. People are really very worried about embarrassment.”
Daniel Kahneman Oct 15, 2019 ▶ 56:06
Assertion Supported
Kahneman: Insurance underwriters varied by 50% on identical cases, defying 10% expectations
“So, we asked the executives the following question. Suppose you take two underwriters at random. By what percentage do they differ? I mean, you look at the difference between their premium, divide that by the average premium. What number do you get? And people…”
Daniel Kahneman Oct 15, 2019 ▶ 57:42
Insight
Kahneman: Wherever human judgment is present, there is more noise than expected
“So wherever our rule is that wherever there is judgment, there is noise and more of it than you think.”
Daniel Kahneman Oct 15, 2019 ▶ 58:24
Assertion Supported
Kahneman: Some evidence cited in 'Thinking, Fast and Slow' has been discredited
“There's been a replication crisis in psychology. And some of the stuff that I really believed in when I wrote Thinking Fast and Slow, some of that evidence has been discredited.”
Daniel Kahneman Oct 15, 2019 ▶ 1:01:00
Insight
Kahneman: Psychologists are wildly overconfident about hypotheses due to intuition calibration errors
“Psychologists live in a, when they hook up their hypotheses, they're in a Within subject situation, but then they make guesses about what will happen between subjects, and they're completely lost between clear intuitions and strong intuition. We have no way of…”
Daniel Kahneman Oct 15, 2019 ▶ 1:04:38
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