Indecision can be a business killer, part 4

Now, Blink: The Power of Thinking Without ThinkingIn direct contrast to the previous books, Malcolm Gladwell dedicates Blink to our brain’s ability to make judgments in the blink of an eye, resulting in delightfully and surprisingly accurate decisions that we struggle to explain. He explains that this is possible when we draw a conclusion based on narrow “slices” of experience.

Gladwell says snap judgments are most accurate when two things are present: experience and expertise. We must train our intuition.

For example, a firefighter who has fought hundreds of fires can make a snap decision to leave a burning building seconds before it collapses because he’s been in similar situations many times before. Without being conscious of it, his brain is instantly detecting a pattern based on previous experiences.

Gladwell acknowledges that while snap judgments can be accurate, they can go horribly wrong, especially when we’re under stress.…

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Indecision can be a business killer, part 2

Continuing our discussion from the previous post, the next book is called Thinking, Fast and Slow.

According to the article, in the book Kahneman explains that two systems of the brain are active and at work during our decision-making. The first system is automatic and quick. The second is deliberate and slow.

Sometimes, these systems conflict, explaining some of our most agonizing decisions. The first system might tell you something “feels off”, but the second might remind you that all requirements are met, and the best option has been identified.

This book confirms what was written in Algorithms to Live By. Kahneman argues that it’s better to trust an algorithm than your own gut, and this premise is backed by volumes of research. Thinking, Fast and Slow specifically mentions a study that pitted trained counselors against a statistical algorithm to predict the grades of high school freshmen at the …

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