Daniel Kahneman

Principles are our summary of their public statements.

• Audit for noise in organizations

  Management

  Recognize that interchangeable professionals often vary wildly in their judgments, and use independent assessments to reduce this hidden variability.

  Supporting quotes

  • “There is an interesting fact - that noise and bias are independent sources of error, so that reducing either of them improves overall accuracy.”

    “Google, for example, when it hires people, they have a minimum of four individuals making independent assessments of each candidate. And that reduces the standard deviation of error at least by a factor of two.”

  1 more supporting quote is in the member records.

• The Engine of Capitalism

  Mindset

  Individual optimism and overconfidence drive risk-taking that benefits society and economic progress, even if it is not always rational for the individual.

  3 more supporting quotes are in the member records.

  Source Daniel Kahneman on Cutting Through the Noise (Ep. 56 - Live at Mason), 2018  (opens in a new tab)

• Embrace Fresh Perspectives

  Leadership

  New leadership succeeds because they lack emotional or financial attachment to previous failed strategies.

  3 more supporting quotes are in the member records.

  Source Daniel Kahneman on Cutting Through the Noise (Ep. 56 - Live at Mason), 2018  (opens in a new tab)

• Embrace Human Complexity

  Mindset

  People are endlessly complicated and interesting, and understanding their motivations is more valuable than judging them through rigid ethical lenses.

  Source Wikipedia: Daniel Kahneman  (opens in a new tab)

• Collaborate to Expand Intellectual Boundaries

  Learning

  Breakthroughs often come from combining different disciplines, such as psychology and economics, through deep collaboration with peers.

  Source Korean Wikipedia: 대니얼 카너먼  (opens in a new tab)