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Comment what about Kahneman? (Score 1) 172

I remember attending a public lecture at Stanford by Kahneman, who received Nobel Prize in Economy in 2002 for his work with Amos Tversky, in which they pointed out, among other things, that when people tend to make decisions based on intuition or rule of a thumb, they end up making worse decisions than decisions they would make if they only used statistical evidence.

One of the examples Kahneman cited was research of addmittance process in medical school. According to it, medical school was much better off when making decision just by looking at the application, as opposed to interviewing prospects, because after interview people in charge of admission were much more likely to use their intuition, which led to more mistakes than they would make, have they based their decision on statistics.

To restore a sense of reality, I think Walt Disney should have a Hardluckland. -- Jack Paar