Chapter
Improving Our Thinking for Better Decision Making
55:42 - 1:03:09 (07:27)
The importance of reviewing our thinking, considering probabilities, and taking in a wide range of input in order to make better decisions under uncertainty is discussed.
Clips
Despite businesses reopening, people who have a choice may not rush back due to fear of coronavirus.
55:42 - 56:35 (00:53)
Reopening
Summary
Despite businesses reopening, people who have a choice may not rush back due to fear of coronavirus. Restaurants have been allowed to reopen, but only with 25% capacity which may not be profitable for them.
ChapterImproving Our Thinking for Better Decision Making
Episode#431: Howard Marks on the US Dollar, Three Ways to Add Defense, and Good Questions
PodcastThe Tim Ferriss Show
Michael Mauboussin stresses the importance of reviewing our thinking, challenging our biases and taking in diverse input to make better decisions.
56:35 - 1:03:09 (06:34)
Decision Making
Summary
Michael Mauboussin stresses the importance of reviewing our thinking, challenging our biases and taking in diverse input to make better decisions. He also emphasizes the need to be aware of media biases when consuming news.