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TOPIC: What's Wrong with Intuition?
Human beings are a complex mixture of rational and irrational, a subtle combination of head, heart and guts. But when it comes to making decisions and managing risk, we seem to favour thinking over feeling. We believe that decision-making and risk management should be structured processes, dispassionately considering options, objectively weighing the odds, and reaching a result that can be fully justified and defended. Yet excluding the non-rational can deny us an important source of information, particularly when dealing with uncertainty. Is there a place for intuition in decision-making or risk management...More
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