DISQUS

The Gong Show: Decision Making

  • Julio · 1 year ago
    I kind of agree in theory but the problem is that all those "non rational" and "non logical" processes (biases) are heuristics. They exist because they work pretty well most of the time (on a global scale) and save us a lot of time. For any single decision there are (near) infinite relevant facts. If you really tried to consider them all you would have a hard time making any decision ... unless you started taking shortcuts (heuristics/biases) and filtering the information.
  • andrewparker · 1 year ago
    Totally agree. Heuristics are essential. I always thought it was so silly
    how "stereotypes" are demonized in grade school. Stereotypes are essential
    to survival. They serve a very necessary biological function.
  • Q dub · 1 year ago
    But heuristics are quite rational...we intelligently simplify all the time. Irrational thinking is a blatant ignorance or fabrication of visible facts.

    On another note, the funny thing is that irrational thinking is simultaneously said to be "what makes us human" as well as "what makes us stupid" (it just depends on whether you're talking about who to marry or which stock to buy!)
  • andrewparker · 1 year ago
    We certainly do simplify all the time, but I don't think it is often done
    intelligently. Most often (and this is David Brooks insight again) we
    simplify based on the actions we observe our peers doing, and we do this
    simplification unconsciously.

    Intelligently formed heuristics (like taking the the theory of gravity for
    granted rather than rediscovering it with every step we take) are great. By
    contrast, heuristics formed simply by following the herd are a fact of life,
    but a disappointing one.
  • BobC · 1 year ago
    Those who follow the herd risk stepping in shit.
  • davidprice · 1 year ago
    Andrew, my subjective experience and observations are similar; however I think that there is a way for higher levels of consciousness to shape subjective, instinctive, heuristic decision making without shifting the locus of the decision from a sub-conscious to a conscious level.

    The key (I think) is to provide a way for all of the pertinent considerations to be surfaced and made transparent to the individual decision maker (or all the individual members of a deciding group), so that the instinctive, sub-conscious decision flows from the richest possible understanding of the context of the decision.

    In essence, this is one of the dynamics live in a successful mediation or conflict resolution process along the lines developed by the Program on Negotiation team at Harvard.
  • andrewparker · 1 year ago
    Very interesting. I love the dialog in blogging!
  • Yaron Galai · 1 year ago
    Late to the discussion as usual.... ;-)
    Andrew - I'm reading this book now, and I think you'll find it interesting - http://tinyurl.com/2xryp4

    It seems like even when we're convinced of ourselves making a super-rational decision, there are actually other forces in play that make many of those decisions the exact opposite.