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Author: Daniel Kahneman, Olivier Sibony, Cass R. Sunstein

Narrator: Ryan

Format: MP3

IBSN: 9780316451406

Language: English

Publish Date: 18/05/2021

Audiobook length: 31 min

Contents

Chapter 1Overview
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Chapter 2What is noise?
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Chapter 3Three types of noise
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Chapter 4What causes noise
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Chapter 5Strategies to reduce noise
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Chapter 6Summary & Review
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Why listen to Noise

Listening to the summary audiobook of "Noise" by Daniel Kahneman, Olivier Sibony, and Cass R. Sunstein is essential for anyone interested in understanding the impact of variability in decision-making. This groundbreaking work explores how random errors, or "noise," affect judgments and the consequences they have in various fields, from medicine to law. By distilling key insights and practical strategies for reducing noise in our decision processes, the summary audiobook offers valuable knowledge that can enhance both personal and professional decision-making, ultimately leading to better outcomes in our increasingly complex world.

Author : Daniel Kahneman, Olivier Sibony, Cass R. Sunstein

Nobel Prize winner and author of the bestselling Thinking, Fast and Slow, Daniel Kahneman is an expert in behavioral economics. His insight challenges assumptions about the nature of rationality. Olivier Sibony is a professor at HEC Paris and an Associate Fellow of Saïd Business School at Oxford University. He was formerly a Senior Partner at McKinsey & Company. He specializes in strategic thinking and the design of decision processes. Cass R. Sunstein teaches at Harvard Law School, where he is also the founder and director of the Program on Behavioral Economics and Public Policy. Among other studies, he has specialized in regulatory and constitutional law. Sunstein published Nudge: Improving Decisions about Health, Wealth, and Happiness, which he co-authored with the Nobel laureate Richard H. Thaler.

Key Insights from Noise

  • Noise refers to the unwanted variability in judgments and decisions that can lead to inconsistent outcomes. By understanding and minimizing noise, organizations can improve decision-making processes significantly.
  • Kahneman and his co-authors argue that while biases are often addressed, noise is frequently overlooked, yet it can have profound implications across various fields. Reducing noise can lead to more equitable and accurate judgments in everything from hiring to legal decisions.
  • The book emphasizes the importance of structured decision-making processes to combat noise, suggesting tools like algorithms and checklists. Implementing these strategies can help ensure that decisions are made based on relevant information rather than subjective fluctuations.
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