Daniel Kahneman on Intuition and the Outside View

Michael Mauboussin: When does intuition work or fail? Daniel Kahneman: Intuition works less often than we think. There is no such thing as professional “expertise.” The Intuitions in chess masters develop with “big data” comes from experience. For people, the immediacy of feedback is especially important to learn the basis of expertise. When feedback comes…

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Dickheads

It is only isolating if you are a dickhead – which is true of most things in life. It’s a rainy Wednesday morning and Clay Cockrell is sitting in his office at Columbus Circle across the street from 1 Central Park West, which houses Trump International Hotel and Tower. In front of the tower is…

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