The Decision Education Podcast Episode 025: Thinking 101 with Dr. Woo-kyoung Ahn
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Aug 30, 2023 Dr. Woo-kyoung Ahn, psychology professor at Yale and author of Thinking 101, shares insights on thinking errors and practical tools to improve decision making. Topics include job interview biases, procrastination, and avoiding confirmation bias at restaurants. They also discuss framing effects on depression studies, loss aversion in sales, and the importance of nurturing dispositions for better decision making.
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Regression to the Mean
- Regression to the mean explains why extreme performances are often followed by more average ones.
- Random errors influence performance, so consistent extreme results are unlikely.
Multiple Interviews
- Conduct multiple interviews to avoid the pitfalls of single-instance job assessments.
- Multiple observations offer a more balanced view of a candidate's abilities.
Negativity Bias
- Negativity bias explains why we prioritize negative information, even if statistically insignificant.
- A single negative review can outweigh many positive ones.