Author and psychologist Maria Konnikova discusses the role of integral emotions in decision-making on The Knowledge Project with Shane Parrish.
Insight
Konnikova: Decision quality must be judged by thought process, not outcomes
“One of the things that he really taught me is that you have to distinguish the action and the outcome from the thought process. As long as your thought process is solid, as long as you're thinking through things correctly, then you did well, even if you ended …”
Insight
Konnikova: Betting on opinions improves decision-making through accountability
“Kant says that betting actually forms an integral part to improving your decision process and improving your level of certainty in something, because people can say all sorts of stuff and just make all sorts of pronouncements if they're not held accountable fo…”
Insight
Poker improves investors by preventing them from deflecting blame to external noise
“That people say that poker can really help you in the stock market, and I think that that's true, and the reason it can help you become a better investor and make better decisions is the stock market is so damn noisy that when you make bad decisions, there's a…”
Insight
Decision quality must be evaluated by thought process, not outcomes
“One of the things that he really taught me is that you have to distinguish the action and the outcome from the thought process. As long as your thought process is solid, as long as you're thinking through things correctly, then you did well, even if you ended …”
Insight
Konnikova argues fiction and poetry teach distinct lessons absent from nonfiction
“I'm a huge, huge believer that everyone should be reading fiction and poetry. There are so many people who I really admire who just say, oh, I only read nonfiction because all the other stuff doesn't teach me anything, and I just, I've had this conversation so…”
Assertion Supported
Konnikova: Humans differentiate correct from incorrect intuitions roughly 50% of time
“We have intuitions all the time, and we are actually horrible, horrible, horrible at being able to tell the correct intuitions from the wrong intuitions. We're about fifty-fifty, and that's a really bad track record. And sometimes our intuitions are spot on, a…”