Both people and organizations rely on heuristics to help predict outcomes. What is wrong with that?
I get that business executives can be hesitant to put up more structured decision-support systems for cause of fear. What I don't get is how people are not interested in understanding the disarray out of which problems arise, leading them to better decision making capability. Instead they rely on heuristics that often lead them wrongly or guide them to a more feeble or breakable…Continue
Added by Ken Ewell on March 13, 2012 at 3:18pm — No Comments
I came across this Charlie rose interview with Daniel Kahneman about what he calls Fast and Slow thinking. He makes the case for me that organizations that adopt a more rational architecture for thinking can be more successful in the long term. He also explained for me, why industry and political leadership are slow to adopt more rational systems of thinking.
Near the end of the interview, he highlights the types of benefits given to what he calls Slow thinking and I have called…Continue
Added by Ken Ewell on March 6, 2012 at 3:21pm — No Comments