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Best of the Spectator

The Book Club: Daniel Kahneman and Olivier Sibony

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 1 June 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

My guests in this week's Book Club podcast are Daniel Kahneman and Olivier Sibony, co-authors (with Cass R Sunstein) of Noise: A Flaw In Human Judgment. Augmenting the work on psychological bias that won Prof Kahneman a Nobel Prize, this investigation exposes a more invisible and often more impactful way in which human judgments go awry: the random-seeming variability which statisticians call noise. They tell me how it affects everything from business to academic life and the judicial system; and how we can detect it and minimise it. The answers to those questions, it turns out, are very hard for human beings (especially French ones) to accept...

Transcript

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0:00.0

Same time, same carriage, same faces, every day, until one train ride changes everything.

0:08.5

Discover a world of espionage in the late train to Gypsy Hill, the debut thriller from former

0:13.4

Home Secretary Alan Johnson, available to buy now in paperback.

0:23.3

Hello and welcome to The Spectators Book Club podcast.

0:26.5

I'm Sam Leith, the literary editor of The Spectator, and this week my guests are Professor

0:31.2

Daniel Kahneman and Professor Olivier Siboni, who are co-authors with Cass Sunstein of a new

0:36.8

book called Noise, A Floor in Human

0:39.2

Judgment. Welcome both of you. I'll start with a very, very obvious question, is what do you

0:45.3

mean by noise? Well, what we mean by noise is, first of all, judgment noise. Noise has many meanings. We refer to judgment noise,

0:57.0

and what we mean specifically is variability in judgments that should be identical. So it's when

1:05.8

the same person judges, makes the same judgment multiple times or different people who

1:12.3

should agree make judgments about the same object.

1:18.3

If they vary, that is noise.

1:20.7

It's like noise in measurement, and in general it's the easiest way to think about judgment, is to think about judgment as measurement

1:29.6

where the measuring instrument in the human mind. And then you have judgment noise is the equivalent

1:37.0

of measurement noise, which is a well-defined concept.

1:41.5

And what are some sort of examples? I mean, I think I know you start with the judicial

1:46.6

system as being a prime instance of a noisy system. Yes. I mean, it's a scandal, really,

1:54.2

at least in the United States. I don't want to speak for other countries, but in the United

2:00.2

States, a defendant facing a judge is really facing a lottery.

2:06.1

And the extent of the lottery is truly shocking.

2:09.5

Just to give you an example from research, if you take a defendant and a crime, the average sentence for which is seven years,

...

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