Poker and Decision Making - 2 views
magazine.wharton.upenn.edu/...ches-you-about-decision-making
decision-making probability confidence assessment research psychology brain science knowledge
shared by Javier E on 13 Jul 20
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our tendency to judge decisions based on how they turn out, known in poker as “resulting.”
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our strategy is often based on beliefs that can be biased or wrong. We are quick to form, and slow to update our beliefs. We tend towards absolutes, and indulge in “motivated reasoning,” seeking out confirmation while ignoring contradictory evidence
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Duke offers a road map for creating a group “decision pod” that can provide us with feedback. Focus on accuracy, accountability, and openness to diverse views. Set clear rules: Court dissent and differing perspectives, and take responsibility even when doing so is painful.
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formed to improve viewpoint diversity in academia: Commit to transparency and sharing information; apply consistent standards to claims made by separating information from who is providing it; cultivate disinterestedness; seek “outcome blindness” to the hypothesis being tested; and encourage skepticism and dissent.
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Duke explores how we can reduce conflict by shifting perspective among our past, present and futures selves via “mental time travel.” She suggests several techniques, including backcasting, premortems, and Ulysses contracts.
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Duke also addresses how we outweigh the present over the future. When we reach for a donut instead of an apple, we’re doing so at the expense of our future self