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Choiceology · August 12, 2024 · 35m
Choiceology's Guide to Better Decisions: With Guests James Korris, Carey Morewedge & Jack Soll
A special episode featuring a video game designed to reduce cognitive biases and a practical checklist for making better decisions. Research shows that structured decision-making processes can permanently reduce common judgment errors.
Canon
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Soll: a simple four-step checklist can dramatically improve decision quality. (1) Consider the opposite of your initial judgment. (2) Zoom out to see the full picture. (3) Take the outside view using base rates. (4) Run a pre-mortem — imagine the decision failed and ask why.
Highlights
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Cognitive biases can be reduced through training — the debiasing game
Morewedge: a video game called MISSING: The Pursuit of Terry Hughes, designed to expose players to cognitive biases in context, reduced bias by 30% in post-game tests — and the effects persisted months later. Interactive training outperforms lectures and reading for bias reduction.