How do smart people make smart decisions? | Gerd Gigerenzer | TEDxNorrköping

Gerd Gigerenzer is Director at the Max Planck Institute for Human Development and Director of the Harding Center for Risk Literacy in Berlin. He is former Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. He is also Batten Fellow at the Darden Business School, University of Virginia, and Fellow of the Berlin-Brandenburg Academy of Sciences and the German Academy of Sciences. Awards for his work include the AAAS Prize for the best article in the behavioral sciences and the Association of American Publishers Prize for the best book in the social and behavioral sciences.

[seanli]

complex problems don't need complex solutions! that's great!

[JohnKooz]

Although I had never heard of Gerd Gigerenzer until I stumbled across this TEDx Talk of his, his remedies for increasing the reality of clarity in decisions and making successful (with good outcomes) decisions was invaluably comforting to me!

[gnuPirate]

Amazing video, amazing introduction to this subject. I really loved this talk. Thank you Mr. Gigerenzer!

[SandeepKumar-tjjz]

A German who knows about Cricket! Great talk 👏

[dero]

what a nice person and perfect wisdom!

[felipeheld]

Lukas, vom Entscheidungs-Seminar, ist ein guter Mann

[AmbiCahira]

So, tip to people, if you want to learn to think before you act and strengthen calculating decisions to trust which decision has the biggest chance of reward then install one or several strategy games on your device. My intuition, decision making, and patience and calculating probability comes from strategy games. If you play an opponent (chess, checkers, Othello, 4 in a row, go or many others) you have to figure out what moves they can do based on your move. My grandfather and father could predict 5 moves ahead because they saw which options was best for each situation after a piece was laid. This prediction skill out of it has given me the ability to look at a problem subjectively. All decisions has a strategy whether it's a gut feeling or outweigh good and bad.

[mohisenalmohisen]

So nice...
From my perspective decision must be made based on highly of users utility as individual, organization, family etc... without broken the static fundamentals .

[prakritisingha]

If you end up regretting your choice of partner after marriage, probably the other person thinks the same way. If you are smart, insightful and experienced enough with people, you'll know which traits visible in the present will predict their lifelong behaviour and attitude. For me knowing a little psychology and the big five traits helped me predict even their probability of achieving success in their lifetime with only little mistakes.

[vimaladava]

15:05 ...i knew it was you steve carell laughing sarcastically 😆

[KL]

Just paying attention can do a lot. For an example you won't become a master woodsman and tracker by doing calculations, you'll become that by spending a lot of time in the woods an paying attention. Eventually you will start to recognize the tracks of people and animals.

[elenaburlutskaia]

I like how he make me to really think about how to make a fairly good decision, and not just to follow an advice

[Cannabisters]

Very good speech! More, but more complex about that- Nassim Nicholas Taleb.

[paulbraga]

wow...now i have a new thing to study...blessings to all

[jordancool]

Moral of the story, always put a stop loss.

[jinnyjang]

It's a nice and well informationed lecture, I like it. Yesterday I turned down a job offer that I was almost consider to work, because I  thought too much with too many informations and concerns. Now I feel I had a wrong decision. Now I am thinking whether I should ask them again....

[nonnywinner]

Strong believer of Markov theory of statistics aka Markov property. Great talk

[brunogebara]

Does some have the flying ball trajectory formula?

[roncephil]

Excellent talk, but I have a feeling it could be misinterpreted a little, by some loss in translation. It would be clearer if when he describes the “risk” category he referred to it as something like “The Set of All Known Risks”. I wonder if that is implied in the German word for risk.