Category: Decision making

6m read Guided Discovery This past winter, our daughter Emerson fell in love with skiing. Finally! I had a skiing buddy. I’ve been waiting for this moment since she was born. We got a season pass to Lake Tahoe and started making weekend trips from the Bay Area. Fridays after school, we’d hit the road.…

In their book “Noise: A Flaw in Human Judgment”, Kahneman, Sibony, and Sunstein (a.k.a. the psychology Avengers) share a super helpful way to understand the difference between noise and bias. Imagine a shooting target and four different teams, each with five people taking shots. The results? Shown below: So what’s the deal here? Here’s the breakdown: Now, let’s talk…