By YouSum Live 00:00:00 Noisy judgment undermines accuracy. 00:00:09 Highly variable estimates lead to frustration and quitting. 00:00:31 Noise in judgment is more problematic than bias. 00:01:22 Personal mood influences judgment accuracy. 00:02:00 Individualism can amplify noise in group judgments. 00:02:34 Reduce noise through good decision hygiene. 00:03:43 Wisdom of crowds aids in accurate judgments. 00:03:57 Start judgments from a statistical mean anchor. 00:06:00 Challenge and revise judgments for optimization. 00:07:02 Practice good decision hygiene for reliable judgment. By YouSum Live
@tar-yy3ub7 ай бұрын
RIP Danny Kahhneman, you were one of the greats ❤
@RajuGogul7 ай бұрын
Recently conducted elections in India, despite the popular belief of tampering EVMs in most of the constituencies, wisdom of the crowd emerged. Wonderful reflections on Noise and Biased judgements, also the way to approach, thank you!
@akshay_bapte7 ай бұрын
This was my first thought as soon as he mentioned the Wisdom of the crowd. Probably that is why democracy is the best available form of choosing the government
@Serialloserr7 ай бұрын
@@akshay_bapte mostly wisdom of the crowd is hindered by 5 factors mentioned by james suroweicki in the book of that name
@akshay_bapte7 ай бұрын
@@Serialloserr Thanks for the suggestion. I'm going to add this in my reading list
@kobinsadvance7 ай бұрын
Rest In Peace Daniel Kahneman (Legendary Cognitive Scientist of 21st century).
@philosophy.wyn-christian7 ай бұрын
Very educating and exciting to watch ❤
@kobinsadvance7 ай бұрын
Rest In Peace (R.I.P) Late Daniel Kahneman (Legendary Cognitive Scientist) (1934 - 2024)😢
@addibbaaj27 ай бұрын
wow 1934 - 2924? he lived so long
@kobinsadvance7 ай бұрын
@@addibbaaj2 Sorry 2024.
@harrison60827 ай бұрын
There's a lot of overlap between this book and the book Superforecasters. They aren't completely the same, but they are very similar.