Kahneman has a consultancy now where they do noise audits, which are about making professional assessments more consistent. They mean things like loan officers, sales pricing, assorted risk evaluation.
He also mentions using ‘reasoned rules’, which are an even weighting of all of the variables. This can be done with simple algorithms, and provided the correct variables are chosen this meets or exceeds expert performance in most domains.
Kahneman has a consultancy now where they do noise audits, which are about making professional assessments more consistent. They mean things like loan officers, sales pricing, assorted risk evaluation.
He also mentions using ‘reasoned rules’, which are an even weighting of all of the variables. This can be done with simple algorithms, and provided the correct variables are chosen this meets or exceeds expert performance in most domains.
Interesting. Looks like a book is coming out too: https://www.thebookseller.com/news/william-collins-scoops-kahnemans-book-7-figure-pre-empt-752276