2012 - Learning from Mistakes on the Way to Tomorrow - Professor Daniel Kahneman

The fourth Israeli Presidential Conference, Facing Tomorrow 2012.
Plenary: Learning from Mistakes on the Way to Tomorrow.
Speaker: Professor Daniel Kahneman.

[@rifatulislamhimel6545]

He is so sooooooo wise...Thanks for sharing these thoughts...

[@Moujik6540]

Thank you so much-from Iran

[@roymammenjoseph1194]

Good decision can have a good outcome, and a bad decision can have a good outcome.

[@redmotherfive]

LEGEND

[@mikiallen7733]

وما بلغتم من العلم الا قليلا ، سبحان الله

[@shambhusharanshrivastava8274]

Just wow

[@cheapmath]

enroll in our course and master stock trading in 3 months... lol

[@mikiallen7733]

So it is always better to take as much as independent or at least non-correlated bets as possible , am I right !

[@bhagwatshah]

Keeping track of decisions and improving processes - isn't that working on improving 'hindsight'?

[@zachariaskoutsokostas7613]

I think what is mentioned in the first couple of minutes carries some importance. Unfortunately, there has been a generalization and an encouragement to learn by experiences and mistakes, whereas research indicates that has negligible impact on a person's intuitive theories and predictive behavior. So a good thing to mention is that under specialized and specific circumstances progress can be made. Even so, as one of his co-authors signifies experiences and feedback, improving the heuristics of a person may do more damage than good, thus the focus is on a team's decision-making processes.

[@TeamOmani]

I can't believe someone so smart thinks it's impossible to pick stocks. Someone should tell him about Warren Buffett. The chances of him being successful by chance are billions to 1.

[@rdurl5086]

not sure you're understanding Prof Kahneman's overall thesis...

[@mariodavalos1]

@@rdurl5086 agreed