We may think of ourselves as rational decision-makers, but we often base even high-stakes decisions on intuitions or "gut feelings" rather than explicit reasoning. Decisions based on intuition are not highly esteemed in business, politics, or medicine – which may lead decision-makers to construct elaborate post facto rationalizations to explain their intuitive choices. What place should intuitions have in important decision-making? Is there a role for expertise in developing reliable gut-feelings? John and Ken trust their instincts with Gerd Gigerenzer from the Max Planck Institute for Human Development, author of Gut Feelings: The Intelligence of the Unconscious.
Gerd Gigerenzer, Center for Adaptive Behavior and Cognition, Max Planck Institute for Human Development
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