Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we are all susceptible to various biases that can lead us to blunder. Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.
"Awfully awfully long"
Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we are all susceptible to various biases that can lead us to blunder. Our mistakes can make us poor and unhealthy. We often make bad decisions about education, personal finance, health care, family, and the environment.
"A Book I Keep Coming Back To"
A deeply original celebration of George Lucas' masterpiece as it relates to history, presidential politics, law, economics, fatherhood, and culture by a Harvard legal scholar and former White House advisor.
"I learned so much about Star Wars"
Simpler government arrived four years ago. It helped put money in your pocket. It saved hours of your time. It improved your children's diet, lengthened your life span, and benefited businesses large and small. It did so by issuing fewer regulations, by insisting on smarter regulations, and by eliminating or improving old regulations. Cass R. Sunstein, as administrator of the most powerful White House office you never heard of, oversaw it and explains how it works, why government will never be the same again (thank goodness), and what must happen in the future. Cutting-edge research in behavioral economics has influenced business and politics.
The rise of the "information society" offers not only considerable peril but also great promise. Beset from all sides by a never-ending barrage of media, how can we ensure that the most accurate information emerges and is heeded? In this book, Cass R. Sunstein develops a deeply optimistic understanding of the human potential to pool information, and to use that knowledge to improve our lives.
"How can an error of few becomes errors of many"
Cass R. Sunstein, the Robert Walmsley University Professor at Harvard Law School, and Reid Hastie, the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science at the University of Chicago Booth School of Business, report on behavioral research that suggests some fairly simple ways to achieve "the wisdom of crowds."
When I worked in the federal government, I was amazed at the large numbers of factual errors in widely-read stories, even in the best newspapers. As a colleague of mine, a staunch Democrat, observed in 2009, “I now think that at least half of the things I most disliked about the Bush Administration . . . never happened.”
This month's issue includes three complete articles. From "Forethought", Cass Sunstein explores what happens "When Crowds Aren't Wise". Then, Alfred Rappaport outlines "10 Ways to Create Shareholder Value" and George Stalk offers some advice on fooling your competitors "Curveball". Plus, you'll hear OnPoint summaries of three more articles: "Rethinking Political Correctness"; "With Friends Like These: The Art of Managing Complementors"; and "How to Keep A Players Productive".
Cass Sunstein defines groupthink as "when you have a group of people who don't disclose what they actually know" and instead make a decision based on what they think is popular to the group as a whole. This conformity can be disastrous. Luckily, Sunstein is here to talk about his new book, Wiser: Getting Beyond Groupthink to Make Groups Smarter, and how to make informed decisions.
Whenever we say a product succeeded because of its excellent timing, we might be right, but we might not be explaining anything. The risk of the-timing-was-perfect explanations is heightened for books, music, and movies, for which we don’t have randomized controlled trials, and for which it’s easy to say success was because of a an economic downturn, or an economic upturn, or a civil rights protest, or a terrorist attack. It’s easy - but is it correct? Probably not.
Tonight on the program, a discussion about U.S. diplomats calling for strikes against Assad in Syria. Charlie is joined by Richard Haas, president of the Council on Foreign Relations, and Nicholas Burns, former undersecretary of state for political affairs and a professor at the Harvard Kennedy School.
Next, an update on the 'Brexit' with John Micklethwait, editor-in-chief of Bloomberg News.
We conclude with Cass Sunstein, whose latest book is called "The World According to Star Wars."