Decision making – Your choices drive your direction
The way choices are presented can greatly influence the decisions we make.
The way choices are presented can greatly influence the decisions we make.
Overconfidence is our belief that we know more than what we actually know. Limited experience can build confidence even in an unpredictable environment that is filled with noisy signals.
Kahneman defines intuition as thinking that you know without knowing why you do. That means decision by intuition can often lead to biased decision.