Elon Musk on Regulators
The Federal Aviation Administration had a meeting with Elon Musk they won’t forget. Musk met with them to discuss some approvals for the work one of his companies, SpaceX, was doing. The meeting …
The Federal Aviation Administration had a meeting with Elon Musk they won’t forget. Musk met with them to discuss some approvals for the work one of his companies, SpaceX, was doing. The meeting …
Santa Fe Institute Board of Trustees Chair Michael Mauboussin interviewed Nobel Prize winner Daniel Kahneman. The wide-ranging conversation talks about disciplined intuition, causality, base rates, …
My favorite chapter in the book Rapt: Attention and the Focused Life by Winifred Gallagher is called ‘Decisions: Focusing Illusions.’ It’s a really great summary of how focusing on the wrong things …
“Decision makers,” write Stefan Trautmann and Richard Zeckhauser in their paper Blindness to the Benefits of Ambiguity, “often prove to be blind to the learning opportunities offered …
Loss Aversion. In sports, on a game show, or just on the job, what causes people to choke when the stakes are high? A new study by researchers at the California Institute of Technology (Caltech) …
Interesting article by Richard Thaler on encouraging good citizenship by making the desired behavior more fun: Lotteries are just one way to provide positive reinforcement. Their power comes from the …
While Daniel Kahneman’s book, Thinking Fast, Thinking Slow, gets all the attention, he’s also written a few articles that might catch your interest on thinking better. Optimistic Bias: In …
We use heuristics – rules of thumb – to make judgments. These can lead to certain predictable biases. These can lead to certain predictable biases. For instance, we classify situations …