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'Noise' Exposes the Dangers of Intuition in Decision-Making

3 pointsby hanson10812 months ago

1 comment

hanson10812 months ago
“A human’s informed judgment, often guided by less-than-rational gut feelings, typically performs worse than simple statistical formulas.“ However, As Kahneman and his co-authors state, “Many decision makers will reject decision-making approaches that deprive them of the ability to exercise their intuition.”