Sun, 16 May 2021

6:30 pm - 7:45 pm BST

Why We Make Bad Judgments and What We Can Do About It

Daniel Kahneman, Cass Sunstein and Olivier Sibony In Conversation With Diana Fox Carney

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Why are humans so bad at making good judgements? Join ground-breaking psychologist Daniel Kahneman and Nudge co-author Cass Sunstein for a guide to a little-known but profoundly important phenomenon: noise.

Nobel laureate Daniel Kahneman and White House insider Cass Sunstein changed the world with their international bestsellers Thinking, Fast and Slow and Nudge, employing the rich insights of psychology to transform the way individuals relate to their our own minds, businesses interact with consumers, and governments across the globe relate to their citizens.

Now, in collaboration with Oxford strategist Olivier Sibony, they are set to once again use the tools of the social sciences to change how we think about thinking.

The quality of professional judgments have a huge and lasting impact on all of our lives: the decision of an A&E doctor treating a patient, a teacher grading a paper, or a high court judge delivering a sentencing should not be a matter of personal taste. And yet there is huge, unwanted variability across human judgment.

Bias has long been the star of the show when it comes to errors in decision making. Now Kahneman, Sunstein and Sibony have uncovered a critical and overlooked factor: noise. Noise explains why police officers show greater leniency towards offenders who have the same name as they do; why doctors prescribe more drugs at the end of the day than at the beginning; why judicial sentences tend to be more severe in hot weather; and why stock-market performance is affected by sunshine.

In this conversation with Diana Fox Carney, Kahneman, Sunstein and Sibony will reveal how noise and bias both shape our thought processes – and the remedies we can take to make far better decisions and judgments.

Join us for this exclusive livestream event and be the first to discover the latest ground-breaking idea from three of the most respected, influential and innovative thinkers of our age.

This event is presented in partnership with Julius Baer.

Praise for Daniel Kahneman, Cass Sunstein and Olivier Sibony’s Noise:

Noise may be the most important book I’ve read in more than a decade. A genuinely new idea so exceedingly important you will immediately put it into practice. A masterpiece’- Angela Duckworth, author of Grit

Noise is an absolutely brilliant investigation of a massive societal problem that has been hiding in plain sight’ – Steven Levitt, co-author of Freakonomics

‘The greatest source of ineffective policies are often not biases, corruption or ill-will, but three “I”: Intuition, Ignorance and Inertia. This book masterfully demonstrates why the three “I” are so pervasive, and what we can do to fight them. An essential, eye opening read’ – Esther Duflo, winner of a 2019 Nobel Prize and co-author of Good Economics for Hard Times

‘In Noise, the authors brilliantly apply their unique and novel insights into the flaws in human judgment to every sphere of human endeavour… Noise is a masterful achievement and a landmark in the field of psychology’- Philip E. Tetlock, co-author of Superforecasting

‘Get ready for some of the world’s greatest minds to help you rethink how you evaluate people, make decisions, and solve problems’- Adam Grant, bestselling author of Think Again

‘The earth has been so fully explored that scientists can’t possibly discover a previously unknown mammal the size of an elephant. The same could be said about the landscape of decision making, yet Kahneman, Sibony and Sunstein have discovered a problem as large as an elephant: noise. In this important book they show us why noise matters, why there’s so much more of it than we realise, and how to reduce it. Implementing their advice would give us more profitable businesses, healthier citizens, a fairer legal system, and happier lives’- Jonathan Haidt, author of The Righteous Mind

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Daniel Kahneman

Professor of Psychology, Princeton

Daniel Kahneman is the Eugene Higgins Professor of Psychology, Princeton University, Professor of Public Affairs, the Princeton School of Public and International Affairs, and the winner of the 2002 Nobel Prize in Economic Sciences and the National Medal of Freedom in 2013. He is the author of New York Times bestseller Thinking, Fast and Slow.

Cass Sunstein

Lawyer and Harvard Professor

Cass R. Sunstein is the Robert Walmsley University Professor at Harvard. He received the 2018 Holberg Prize from the Government of Norway, often described as the equivalent of the Nobel Prize for law and the humanities.

Olivier Sibony

Professor of Strategy, HEC Paris

Olivier Sibony is an Affiliate Professor of Strategy at HEC Paris and an Associate Fellow at Saïd Business School, Oxford University. Previously, he spent 25 years in the Paris and New York offices of McKinsey & Company, where he was a senior partner. Sibony’s research on improving the quality of strategic decision making has been featured in many publications, including Harvard Business Review and MIT Sloan Management Review. He is a graduate of HEC Paris and hold a PhD from Paris Sciences et Lettres University.

Diana Fox Carney

Public Policy and Climate Expert

Diana Fox Carney is a broad thinker and frequent webinar host with a particular focus on climate and clean tech. She has held leadership roles in think tanks in Canada and the UK, and works with both NGOs and the private sector to identify pathways towards a better future.