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
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!
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
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
RIP Danny Kahhneman, you were one of the greats ❤
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!
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
@@akshay_bapte mostly wisdom of the crowd is hindered by 5 factors mentioned by james suroweicki in the book of that name
@@MultiWarrr Thanks for the suggestion. I'm going to add this in my reading list
Rest In Peace Daniel Kahneman (Legendary Cognitive Scientist of 21st century).
Very educating and exciting to watch ❤
Rest In Peace (R.I.P) Late Daniel Kahneman (Legendary Cognitive Scientist) (1934 - 2024)😢
wow 1934 - 2924? he lived so long
@@addibbaaj2 Sorry 2024.
There's a lot of overlap between this book and the book Superforecasters.
They aren't completely the same, but they are very similar.
I already knew this because my overthinking
Noice
✌️🙂
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