Th
ere are many kinds of social engineering, ie make people go to the gym now to save money on their healthcare later.
And there are obvious libertarian objections to the idea that the state should have licence to mess with your mind.
If you want people to buy less sugar or use less petrol, (surely we all do) the best way is to increase the price of these goods by cutting subsidies for their production or by taxing them.
It’s easy to convince others of falsehoods merely by repeating them: when you’re exposed frequently to an idea, System 1 comes to feel at ease with it, and the lazy System 2 interrogates it less. ‘Familiarity is not easily distinguished from truth,’ Kahneman writes.
Kahneman would argue that simple formulas should be trusted over human judgment in most cases, and that expertise is wildly overrated.
Pundits are terrible at forecasting political and economic events, and few stock pickers can beat the market.
When humans make an evaluation, they can’t help being influenced by context, and a slight change of mood can have a dramatic effect: judges, for example, are much less likely to grant parole when they’re hungry than just after they’ve eaten. Better to entrust this kind of decision to an algorithm.
The aim for us all might be to dispense with the favourable or negative first impressions that come from face to face conversation
ere are many kinds of social engineering, ie make people go to the gym now to save money on their healthcare later.
And there are obvious libertarian objections to the idea that the state should have licence to mess with your mind.
If you want people to buy less sugar or use less petrol, (surely we all do) the best way is to increase the price of these goods by cutting subsidies for their production or by taxing them.
It’s easy to convince others of falsehoods merely by repeating them: when you’re exposed frequently to an idea, System 1 comes to feel at ease with it, and the lazy System 2 interrogates it less. ‘Familiarity is not easily distinguished from truth,’ Kahneman writes.
Kahneman would argue that simple formulas should be trusted over human judgment in most cases, and that expertise is wildly overrated.
Pundits are terrible at forecasting political and economic events, and few stock pickers can beat the market.
When humans make an evaluation, they can’t help being influenced by context, and a slight change of mood can have a dramatic effect: judges, for example, are much less likely to grant parole when they’re hungry than just after they’ve eaten. Better to entrust this kind of decision to an algorithm.
The aim for us all might be to dispense with the favourable or negative first impressions that come from face to face conversation
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