Shall you trust your intuition and when? Should you take a prescribed medication is X%? How to distinguish facts from fakes? Can algorithms make better decisions for you? To what extent and when you should or not rely on artificial intelligence assistants? Do bigger and more complex models help economists make better predictions and implications about the world? What is the difference between risk and uncertainty and how this difference should shape your decisions?
In this episode, I discuss these and other questions with Gerd Gigerenzer. Gerd is a German psychologist, director emeritus of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development, director of the Harding Center for Risk Literacy, and vice president of the European Research Council (ERC). Gerd is the author of multiple books, including popular science books, about risk literacy, how to make decisions in uncertainty and intuition.
Gerd Gigerenzer | Max Planck Institute for Human Development (mpg.de)
Welcome to the Harding Center for Risk Literacy | Harding-Zentrum für Risikokompetenz
Ted Ed: Why people fear the wrong things
Amazon.fr - Calculated Risks: How to Know When Numbers Deceive You - Gigerenzer, Gerd - Livres
HOW TO STAY SMART IN A SMART WORLD: Gerd Gigerenzer: 9780241567432: Amazon.com: Books
Amazon.com: The Intelligence of Intuition eBook : Gigerenzer, Gerd: Kindle Store
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00:00 Introduction
01:31 Defining Intuition and Its Importance
03:10 The Interplay Between Intuition and Deliberate Reasoning
04:36 The Validity of Intuition in Expert Domains
10:23 Challenging the Flawed Perception of Intuition
23:42 Replacing Paternalism with an Appreciation of Intuition
33:28 The Effectiveness of Heuristics in Decision-Making under uncertainty
41:05 Complex Models and AI in Decision-Making
43:33 Heuristics vs. Complex Models in Uncertain Environments
49:32 Understanding Technology and Being in Control
52:34 The Importance of Risk Literacy
01:05:36 Misunderstanding Relative Risks in Health Decisions
01:18:19 The Need for Better Education on Risk Literacy