Sunday, 18 September 2016

Gut vs rules

Currently reading Thinking , Fast and Slow which is shaping up to be one of the best non-fictional books I have read in a long time. The chapter relating to intuition vs. formula was particularly interesting, here are some exerts

"Several studies have shown that human decision makers are inferior to a predictive formula  even when they are given the score suggested by the formula!.."

"to maximize  predictive accuracy, final decisions should be left to formulas, especially in low-validity environments.."