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On Point with Meghna Chakrabarti

From the archive and in the news: How to cut through the 'noise' that hinders human judgment

On Point with Meghna Chakrabarti

WBUR

News, On Point, Npr, Talk Show, Daily

4.33.9K Ratings

🗓️ 30 March 2024

⏱️ 51 minutes

🧾️ Download transcript

Summary

Nobel prize-winning economist and psychologist Daniel Kahneman has died at the age of 90.

In June 2021, we spoke with Kahneman, and his co-author Olivier Sibony, about their book, ‘Noise: A Flaw in Human Judgment.'

About:

On Point is WBUR’s award-winning, daily public radio show and podcast. Every weekday, host Meghna Chakrabarti leads provocative conversations that help make sense of the world.

Transcript

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0:00.0

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0:11.0

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0:41.3

Hi everyone it's Meghna here with a special from the Archives podcast drop from On Point.

0:48.0

Daniel Kahneman, one of the world's most celebrated economists, died this week at the age of 90. The Nobel Prize

0:55.8

winner was one of the pioneers in a field that later became known as

0:59.2

behavioral economics. His groundbreaking work showed that human intuitive reasoning is flawed in

1:06.3

predictable ways, the predictability being the breakthrough.

1:09.9

Kahneman was also author of Thinking Fast and Slow, a highly influential book that debunked a long

1:16.4

cherished belief in economics that humans are rational actors.

1:21.1

His work, along with others, showed both qualitatively and quantitatively that no matter how much economists want to believe it, human decision-making is not a rationally driven process.

1:33.6

Kahneman was also a Holocaust survivor.

1:36.6

His family was forced to wear the Yellow Star of David

1:39.3

in occupied France before their escape.

1:42.4

He later frequently said that his experience of

1:45.1

the Holocaust was one of the things that drove his powerful interest in

...

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