"The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct."
"To know whether you can trust a particular intuitive judgment, there are two questions you should ask: Is the environment in which the judgment is made sufficiently regular to enable predictions from the available evidence? The answer is yes for diagnosticians, no for stock pickers. Do the professionals have an adequate opportunity to learn the cues and the regularities? The answer here depends on the professionals' experience and on the quality and speed with which they discover their mistakes."
19 likes
Source: Daniel Kahneman (2011). “Thinking, Fast and Slow”, p.475, Macmillan
About the author