From the course: Making Better Decisions by Thinking in Bets
Unlock this course with a free trial
Join today to access over 22,600 courses taught by industry experts.
Hold your intuition accountable
From the course: Making Better Decisions by Thinking in Bets
Hold your intuition accountable
- [Male Voice] We've talked a lot about being rational and collecting data and refining and being predictively accurate. So well, you know, you are a World Series of Poker champion. I imagine you've relied on your gut a time or two in gaining this accomplishment. How should we be thinking about intuition and to the extent we can trust it and play that game? - [Female Voice] Sure, so the way that I think about intuition is that intuition is an incredibly useful tool but it should never be a reason for doing something. So let me explain what I mean. A lot of the decisions that we make actually have to rely on intuition because you don't have time to map out some kind of probabilistic decision tree. Here's an example of a time that would be really good to use intuition. You're driving along the road and a deer jumps in front of your car. I hope you're not taking a whole lot of time to think about it and you're just using…
Contents
-
-
Distinguish between decision quality and outcome3m 17s
-
(Locked)
Refrain from resulting2m 57s
-
(Locked)
Don’t label decisions as right or wrong3m 16s
-
(Locked)
Adjust your beliefs to improve your decisions2m 3s
-
(Locked)
View each decision as a working hypothesis2m 12s
-
(Locked)
Seek to disagree in group decision-making2m 19s
-
(Locked)
Aim for accuracy instead of being right3m 31s
-
(Locked)
Encourage dissent2m 41s
-
(Locked)
Hold your intuition accountable3m 34s
-
(Locked)
Face the fear of uncertainty2m 55s
-