Prof. Daniel Kahneman: Art & Science of Decision Making

In an insightful Q&A, the renowned Nobel Prize Laureate in Economics and best-selling author reveals what drives our choices in business, science, and life.
DANIEL KAHNEMAN, Behavioral Economist and Nobel Laureate
ALEC ELLISON, Founder, Outvest Capital, former Vice Chairman, Jefferies

[mohammedasadi]

I think reading his book "Thinking Fast and Slow" should be mandatory for everyone on earth!

[YemiOjo-vkgx]

Most times, the so-called investors make decisions based on greed and not on the marginal gain. So they will most times find themselves in hot waters afterwards.

[theyetti]

Him: You don't want to paralyze yourself with too much analysis.

Me: How much is too much?😶

[dorianphilotheates]

0:25 — Not an “economist”: Professor Kahneman is a psychologist.

[yuvrajanand]

🕯Cognitive bias serve purpose. Must figure it out before removing them.
🕯Try to figure out how much intuition is valid, useful & neccessary in your field.
🕯Intuition is useful if we first collect information in organized way. Delay the use of intuition.
🕯Intuition directly linked to, made useful by & limited by experience.

[rthavi]

Those chairs and camera perspective make them look like they have giant heads and tiny bodies

[jimallen]

Why is it he gets introduced as “an economist?” I’ve also heard Dave Snowden refer to him as ‘an economist.’ Yet he’s not an economist. He’s a psychologist while being outside of economics was a big piece to his being able to look differently thus winning the prize in economics. It is a bit like Zeynep Tufeki being able to look at public health.

[suresh-]

Delaying decision for better decision making, hmmm 👍

[doug]

Take a shot every time the interviewer uses #Disruptor. #BuzzWords

[fritsvanzanten]

1) Noise is the engine of capitalism
2) The legacy is: "Showing things are not as people think they are", but people will ask "If they are not how we think they, how are they then". The human condition is we will never get out of this vicious circle. Certainty sells. Certainty is the engine of capitalism.

[AZTECMAN]

Adversarial Collaboration. I like it.

After the vid, looked for a paper on GANs relating to this idea.
I found one titled,
'PeerGAN: Generative Adversarial Networks with a Competing Peer Discriminator'.

[hopaideia]

He is not an economist, he is a psychologist

[wallstruss]

Great Info that can be very helpful and useful for daily life.

[dorianphilotheates]

I have gone to Kindergarten with people whom I still address by their last names.

[wilsonpaulodeoliveirajunio]

Se acha que vou acreditar em qualquer um desculpas nunca a não ser meus amigos. É mais uns

[lizgichora]

Exercise cognition by collecting broad information in order to make an informed decision, thank you.

[polymathpark]

Of course business executives have the gall to call Kahneman "Danny"

[TheAwesomoe]

hahah, he almost looked offended when he was asked "what would you like your legacy to be?"

[TomtomWaits]

He his a psychologist, not an economist.

[lowereastsideastrologist]

He needs to be more worried about his bias against intuitions. Most cognitive scientist don't buy "dual process" theories anymore. Instead, they view thinking to be the result of the interplay between many different functions of the brain. But the worst thing is this guy attempts to characterizes intuition backwards. Where it's main function appears to be sense patterns amnongst distant information and generate sets, the conman makes a vile attempt to invert those properties.