Podcasts about risk literacy

Auch heute freue ich mich wieder darüber, einen äußerst kompetenten und prominenten Gast vorstellen zu dürfen: Prof. Gerd Gigerenzer. Das Thema ist eines, das uns seit einiger Zeit begleitet, und auch noch weiter begleiten wird, denn es gehört zu den wesentlichsten Fragen der heutigen Zeit. Werden wir von der stetig steigenden Komplexität in unserer Gesellschaft, Wirtschaft und Wissenschaft überrollt, oder gelingt es, Mechanismen zu entwickeln, trotzdem kluge und resiliente Entscheidungen zu treffen? Entscheidungen, die uns auch helfen, mit komplexen Risiken umzugehen? Gerd Gigerenzer war unter anderem langjähriger Direktor am Max-Planck-Institut für Bildungsforschung, ist Direktor des Harding Center for Risk Literacy an der Universität Potsdam, Partner von Simply Rational - The Institute for Decisions und Vizepräsident des European Research Council (ERC). Er ist ehemaliger Professor für Psychologie an der Universität von Chicago und John M. Olin Distinguished Visiting Professor, School of Law an der Universität von Virginia. Darüber hinaus ist er Mitglied der Berlin-Brandenburgischen Akademie der Wissenschaften, der Deutschen Akademie der Wissenschaften und der British Academy sowie Ehrenmitglied der American Academy of Arts and Sciences und der American Philosophical Society. Er hat unzählige Preise gewonnen sowie zahlreiche Bücher geschrieben, die nicht nur inhaltlich höchst relevant sondern zudem auch noch sehr zugänglich für eine breite Leserschicht sind.  Zu seinen Forschungsschwerpunkten zählen: Entscheidungen unter Unsicherheit und Zeitbeschränkung Risikokompetenz und Risikokommunikation Entscheidungsstrategien von Managern, Richtern und Ärzten Und genau über diese Themen werden wir uns in der Episode unterhalten. Wie geht man in Situationen großer Unsicherheit mit Daten und Informationen um? »Je größer die Unsicherheit ist, desto mehr Informationen muss man ignorieren.« Was ist eine Heuristik, und welche Heuristiken wenden wir erfolgreich in welchen Situationen an? »In Situationen von Unsicherheit, verlassen sich Menschen nicht auf die ganze Vergangenheit, sondern auf die jüngste Vergangenheit — das nennt man recency Heuristik.« Warum führen mehr Daten nicht immer zu besseren Entscheidungen? »Ein Datenpunkt, gut gewählt, erlaubt [in vielen Fällen] bessere Vorhersagen als Big Data« Was ist Intuition und unter welchen Umständen ist intuitives sinnvoller als vermeintlich rationales Entscheiden? »Intuition ist keine Willkür. Intuition ist gefühltes Wissen, das auf jahrelanger Erfahrung beruht.« Was ist von den neuen Theorien der Rationalität, z. B. dem System 1 und 2 von Kahnemann zu halten? »The abject failure of models in the global financial crisis has not dented their popularity among regulators.«, Mervyn King Was ist defensives Entscheiden, und warum ist es eines der größten Probleme unserer modernen Welt? »Der Arzt ist nicht in einer Situation, dem Patienten das Beste zu empfehlen. Viele Ärzte fürchten, dass die Patienten klagen, insbesondere, wenn etwas unterlassen wurde. Die Patienten klagen nicht, wenn unnötige Operationen vorgenommen wurden.« Weniger kann oft mehr sein: »Viele Menschen denken — auch in der Wissenschaft — mehr ist immer besser.« Dabei gilt in den meisten Fällen, gerade auch dort, wo wir häufig versuchen, komplexe Modelle anzuwenden: »Je größer die Unsicherheit ist, umso einfacher muss man die Regulierung [oder das Modell] machen.« Eine Erkenntnis, die im Grunde jedem klar ist, der sich mit der Steuerung komplexer Systeme auseinandersetzt. Warum handeln wir stetig dagegen? »Wir brauchen eine Welt, die den Mut hat zur Vereinfachung.« Und dann gibt es noch den Aspekt der Rückkopplung von (schlechten) Modellen auf die Welt, die sie vermeintlich beschreiben oder vorhersagen, und wir kommen leicht in einen Teufelskreis der zirkulären und selbstverstärkenden Fehler. Wie lassen sich diese vermeiden? Was wird die Folge sein, wenn diese Formen der Modellierung und Verhaltenssteuerung auf eine immer totalitärere und total überwachte Gesellschaft trifft? Entwickeln wir uns aber in der Realität mit künstlicher Intelligenz, Large Language Models und IT-getriebener Automatisierung, aber nicht gerade ins Gegenteil? Eine Welt, deren Entscheidungen von immer komplexeren Systemen intransparent getroffen werden, wo niemand mehr nachvollziehen oder bewerten und in Wahrheit verantworten kann, ob diese Entscheidungen sinnvoll sind? Denken wir beispielsweise an Modelle, die Rückfallwahrscheinlichkeiten von Straftätern bewerten. »Viele Menschen lächeln über altmodische Wahrsager. Doch sobald die Hellseher mit Computern arbeiten, nehmen wir ihre Vorhersagen ernst und sind bereit, für sie zu zahlen.« Zu welcher Welt bewegen wir uns hin? Zu einer, in der wir radikale Unsicherheit akzeptieren und entsprechen handeln, oder einer, wo wir uns immer mehr der Illusion von Kontrolle, Vorhersagbarkeit und Steuerbarkeit verlieren? »In einer Welt, in der Technik (vermeintlich) smart wird, brauchen wir vor allem eines, nämlich Menschen, die auch smart werden. Also Menschen, die mitdenken, die sich nicht zurücklehnen und konsumieren; die sich nicht auf das reduzieren lassen, was man ihnen empfiehlt.« Und zum Ende macht Prof. Gigerenzer noch den wichtigsten Aufruf der heutigen Zeit: Mitdenken! Denn es gilt: »The world is inherently uncertain and to pretend otherwise is to create risk, not to minimise it.«, Mervyn King Referenzen Andere Episoden Episode 121: Künstliche Unintelligenz Episode 118: Science and Decision Making under Uncertainty, A Conversation with Prof. John Ioannidis Episode 112: Nullius in Verba — oder: Der Müll der Wissenschaft Episode 109: Was ist Komplexität? Ein Gespräch mit Dr. Marco Wehr Episode 107: How to Organise Complex Societies? A Conversation with Johan Norberg Episode 106: Wissenschaft als Ersatzreligion? Ein Gespräch mit  Manfred Glauninger Episode 99: Entkopplung, Kopplung, Rückkopplung Episode 92: Wissen und Expertise Teil 2 Episode 80: Wissen, Expertise und Prognose, eine Reflexion Episode 79: Escape from Model Land, a Conversation with Dr. Erica Thompson Prof. Gerd Gigerenzer Prof. Gigerenzer amd MPIB-Berlin Fachliche Referenzen Gerd Gigerenzer, Bauchentscheidungen: Die Intelligenz des Unbewussten und die Macht der Intuition, Goldmann (2008) Gerd Gigerenzer, Das Einmaleins der Skepsis: Über den richtigen Umgang mit Zahlen und Risiken, Piper (2015) Gerd Gigerenzer, Risiko: Wie man die richtigen Entscheidungen trifft, Pantheon (2020) Gerd Gigerenzer, Klick: Wie wir in einer digitalen Welt die Kontrolle behalten und die richtigen Entscheidungen treffen, Bertelsmann (2021) Gerd Gigerenzer, Smart Management: Mit einfachen Heuristiken gute Entscheidungen treffen, Campus (2025)  Daniel Kahnemann, Schnelles Denken, langsames Denken, Siedler Verlag (2012) Gerd Gigerenzer, The rationally wars: a personal reflection, BPP (2024) Konstantinos Katsikopoulos, Gerd Gigerenzer et al, Transparent modeling of influenza incidence: Big data or a single data point from psychological theory?, International Journal of Forecasting (2022) Mervyn King, John Kay, Radical Uncertainty, Bridge Street Press (2021) Rory Sutherland, Alchemy, WH Allen (2021) Peter Kruse, next practice. Erfolgreiches Management von Instabilität. Veränderung durch Vernetzung, Gabal (2020) John P. Ioannidis, Forecasting for COVID-19 has failed, International Journal of Forecasting (2022)

In this episode of the Mind Gut Conversation podcast, I talk to Dr. Gerd Gigerenzer, an icon in the field of intuition research and gut-based decision making. Dr. Gigerenzer is the long-time director at the Max Planck Institute for Human Development in Berlin and the director of the Harding Center for Risk Literacy at the University of Potsdam. He is the author of the award-winning popular books Calculated Risks, Gut Feelings, Risk Savvy and How To Stay Smart In A Smart World, which have been translated into more than 20 languages. He has trained U.S. federal judges, physicians and top managers in decision-making. The Swiss Duttweiler Institute has distinguished Gigerenzer as one of the top 100 Global Thought Leaders worldwide. During this episode, we talk about a number of fascinating topics, including: - What are the main differences between a rational and an intuitive decision? - Are females better in making intuitive decisions, or is this idea a prejudice based on our paternalistic bias? - Does the advantage of decisions based on intuition vs rational thinking depend on the context? - Does AI make intuitive decisions? Are you enjoying our podcast? Please leave us a review and any feedback to improve our show!

In this episode of the Mind Gut Conversation podcast, I talk to Dr. Gerd Gigerenzer, an icon in the field of intuition research and gut-based decision making. Dr. Gigerenzer is the long-time director at the Max Planck Institute for Human Development in Berlin and the director of the Harding Center for Risk Literacy at the University of Potsdam. He is the author of the award-winning popular books Calculated Risks, Gut Feelings, Risk Savvy and How To Stay Smart In A Smart World, which have been translated into more than 20 languages. He has trained U.S. federal judges, physicians and top managers in decision-making. The Swiss Duttweiler Institute has distinguished Gigerenzer as one of the top 100 Global Thought Leaders worldwide. During this episode, we talk about a number of fascinating topics, including: - What are the main differences between a rational and an intuitive decision? - Are females better in making intuitive decisions, or is this idea a prejudice based on our paternalistic bias? - Does the advantage of decisions based on intuition vs rational thinking depend on the context? - Does AI make intuitive decisions? Are you enjoying our podcast? Please leave us a review and any feedback to improve our show!

In The Intelligence of Intuition, Gerd Gigerenzer challenges a commonly held view of intuition—namely, that it is somehow inferior to logical rationality.Gigerenzer is director of the Harding Center for Risk Literacy at the University of Potsdam, director emeritus of the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development, and an expert on human decision-making. He argues that intuition is a form of unconscious intelligence shaped experience and evolution in dealing with uncertain and dynamic situations—situations for which logic and algorithms are often ill-fitted. As leaders deal with uncertainty and complexity and embrace new AI technologies, they must not forget the power of intuition.Together with Martin Reeves, Chairman of the BCG Henderson Institute, Gigerenzer explores the power of intuition, when to use it in business, and how to cultivate and employ it.Key topics discussed: 01:23 | Difference between intuition and rationality04:49 | Role of heuristics06:29 | Why intuition is often looked down upon08:06 | Power of intuition15:21 | How to use intuition in business18:45 | Distinguishing right intuition from wrong intuition25:12 | Considering how AI use intuitionAdditional inspirations from Gerd Gigerenzer:How to Stay Smart in a Smart World: Why Human Intelligence Still Beats Algorithms (The MIT Press, 2022)Gut Feelings: The Intelligence of the Unconscious (Penguin Books, 2008)Calculated Risks: How to Know When Numbers Deceive You (Simon & Schuster, 2003)This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

We are honored to be joined today by Gerd Gigerenzer. Dr. Gigerenzer is Director of the Harding Center for Risk Literacy at the University of Potsdam, Faculty of Health Sciences Brandenburg and partner of Simply Rational – The Institute for Decisions. He is former Director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and at the Max Planck Institute for Psychological Research in Munich, Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. In addition, he is Member of the Berlin-Brandenburg Academy of Sciences, the German Academy of Sciences and Honorary Member of the American Academy of Arts and Sciences and the American Philosophical Society. He was awarded honorary doctorates from the University of Basel and the Open University of the Netherlands, and is Batten Fellow at the Darden Business School, University of Virginia. Awards for his work include the AAAS Prize for the best article in the behavioral sciences, the Association of American Publishers Prize for the best book in the social and behavioral sciences, the German Psychology Award, and the Communicator Award of the German Research Foundation. His award-winning popular books Calculated Risks, Gut Feelings: The Intelligence of the Unconscious, and Risk Savvy: How to Make Good Decisions have been translated into 21 languages. His academic books include Simple Heuristics That Make Us Smart, Rationality for Mortals, Simply Rational, and Bounded Rationality (with Reinhard Selten, Nobel Laureate in economics). His most recent book, The Intelligence of Intuition, is set to be published the week we are recording this podcast! Learn more about Gerd: Connect on LinkedIn See more of his work Where to find the hosts: Brian Moon Brian's website Brian's LinkedIn Brian's Twitter Laura Militello Laura's website Laura's LinkedIn Laura's Twitter

Proudly sponsored by PyMC Labs, the Bayesian Consultancy. Book a call, or get in touch!My Intuitive Bayes Online Courses1:1 Mentorship with meI love Bayesian modeling. Not only because it allows me to model interesting phenomena and learn about the world I live in. But because it's part of a broader epistemological framework that confronts me with deep questions — how do you make decisions under uncertainty? How do you communicate risk and uncertainty? What does being rational even mean?Thankfully, Gerd Gigerenzer is there to help us navigate these fascinating topics. Gerd is the Director of the Harding Center for Risk Literacy of the University of Potsdam, Germany.Also Director emeritus at the Max Planck Institute for Human Development, he is a former Professor of Psychology at the University of Chicago and Distinguished Visiting Professor at the School of Law of the University of Virginia. Gerd has written numerous awarded articles and books, including Risk Savvy, Simple Heuristics That Make Us Smart, Rationality for Mortals, and How to Stay Smart in a Smart World.As you'll hear, Gerd has trained U.S. federal judges, German physicians, and top managers to make better decisions under uncertainty.But Gerd is also a banjo player, has won a medal in Judo, and loves scuba diving, skiing, and, above all, reading.Our theme music is « Good Bayesian », by Baba Brinkman (feat MC Lars and Mega Ran). Check out his awesome work at https://bababrinkman.com/ !Thank you to my Patrons for making this episode possible!Yusuke Saito, Avi Bryant, Ero Carrera, Giuliano Cruz, Tim Gasser, James Wade, Tradd Salvo, William Benton, James Ahloy, Robin Taylor,, Chad Scherrer, Zwelithini Tunyiswa, Bertrand Wilden, James Thompson, Stephen Oates, Gian Luca Di Tanna, Jack Wells, Matthew Maldonado, Ian Costley, Ally Salim, Larry Gill, Ian Moran, Paul Oreto, Colin Caprani, Colin Carroll, Nathaniel Burbank, Michael Osthege, Rémi Louf, Clive Edelsten, Henri Wallen, Hugo Botha, Vinh Nguyen, Marcin Elantkowski, Adam C. Smith, Will Kurt, Andrew Moskowitz, Hector Munoz, Marco Gorelli, Simon Kessell, Bradley Rode, Patrick Kelley, Rick Anderson, Casper de Bruin, Philippe Labonde, Michael Hankin, Cameron Smith, Tomáš Frýda, Ryan Wesslen, Andreas Netti, Riley King, Yoshiyuki Hamajima, Sven De Maeyer, Michael DeCrescenzo, Fergal M, Mason Yahr, Naoya Kanai, Steven Rowland, Aubrey Clayton, Jeannine Sue, Omri Har Shemesh, Scott Anthony Robson, Robert Yolken, Or Duek, Pavel Dusek, Paul Cox, Andreas Kröpelin, Raphaël R, Nicolas Rode, Gabriel Stechschulte, Arkady, Kurt TeKolste, Gergely Juhasz, Marcus Nölke, Maggi Mackintosh, Grant Pezzolesi, Avram Aelony, Joshua Meehl, Javier Sabio, Kristian Higgins, Alex Jones, Gregorio Aguilar, Matt Rosinski, Bart Trudeau and Luis Fonseca.Visit https://www.patreon.com/learnbayesstats to unlock exclusive Bayesian swag ;)Links from the show:Visit https://www.patreon.com/learnbayesstats to unlock exclusive Bayesian swag...

Dr. Gigerenzer explains to me how to make better decisions under uncertainty via use of heuristics, intuition, and narratives. Dr. Gerd Gigerenzer, PhD is Director of the Harding Center for Risk Literacy at the University of Potsdam, Faculty of Health Sciences Brandenburg and partner of Simply Rational - The Institute for Decisions. He is former Director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and at the Max Planck Institute for Psychological Research in Munich, Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. Awards for his work include the AAAS Prize for the best article in the behavioral sciences, the Association of American Publishers Prize for the best book in the social and behavioral sciences, the German Psychology Award, and the Communicator Award of the German Research Foundation. His award-winning popular books Calculated Risks, Gut Feelings: The Intelligence of the Unconscious, and Risk Savvy: How to Make Good Decisions have been translated into 21 languages. His academic books include Simple Heuristics That Make Us Smart, Rationality for Mortals, Simply Rational, and Bounded Rationality (with Reinhard Selten, a Nobel Laureate in economics). In Better Doctors, Better Patients, Better Decisions (with Sir Muir Gray) he shows how better informed doctors and patients can improve healthcare while reducing costs.

I was confused about "heuristics"! It is always so exciting when I learn something new that makes things clearer to me. According to Dr. Gigerenzer, heuristics are NOT the same as cognitive bias. Cognitive bias describes PAST behavior, often in situations of so-called "risk" (the economic term) (that actually means that all variables are known). Heuristics guide what can be DONE in the FUTURE and are helpful in situations of uncertainty. Dr. Gigerenzer is an international expert on judgments under uncertainty, and this is part 1 of my conversation with him on heuristics. Dr. Gerd Gigerenzer, PhD is Director of the Harding Center for Risk Literacy at the University of Potsdam, Faculty of Health Sciences Brandenburg and partner of Simply Rational - The Institute for Decisions. He is former Director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and at the Max Planck Institute for Psychological Research in Munich, Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. Awards for his work include the AAAS Prize for the best article in the behavioral sciences, the Association of American Publishers Prize for the best book in the social and behavioral sciences, the German Psychology Award, and the Communicator Award of the German Research Foundation. His award-winning popular books Calculated Risks, Gut Feelings: The Intelligence of the Unconscious, and Risk Savvy: How to Make Good Decisions have been translated into 21 languages. His academic books include Simple Heuristics That Make Us Smart, Rationality for Mortals, Simply Rational, and Bounded Rationality (with Reinhard Selten, a Nobel Laureate in economics). In Better Doctors, Better Patients, Better Decisions (with Sir Muir Gray) he shows how better informed doctors and patients can improve healthcare while reducing costs. 

The future of technology is a subject of debate among experts. Some predict a bleak future where robots become dominant, leaving humans behind. Others, known as tech industry boosters, believe that replacing humans with software can lead to a better world. Critics of the tech industry express concern about the negative consequences of surveillance capitalism. Despite these differences, there is a shared belief that machines will eventually surpass humans in most areas. In his recent book "How to Stay Smart in a Smart World: Why Human Intelligence Still Beats Algorithms" professor Gerd Gigerenzer argues against this notion and offers insights on how we can maintain control in a world where algorithms are prevalent. In this episode of Bridging the Gaps, I speak with professor Gerd Gigerenzer to discuss challenges posed by rapid developments in the tech sector, particularly in the field of artificial intelligence. We discuss different approaches that individuals can adopt to enhance their awareness of the potential hazards that come with using such systems and explore strategies to maintain control in a world where algorithms play a significant role. Gerd Gigerenzer is a psychologist and researcher who has made significant contributions to the fields of cognitive psychology and decision-making. He is director emeritus at the Max Planck Institute for Human Development, and is director of the Harding Center for Risk Literacy at the University of Potsdam. He is a professor of psychology at the University of Chicago and is a visiting professor at the University of Virginia. His research focuses on how people make decisions under conditions of uncertainty and how to improve people's understanding of risk and probability. He has trained judges, physicians, and managers in decision-making and understanding risk. Our discussion begins by exploring the limitations of present-day narrow and task-specific artificial intelligence systems in dealing with complex scenarios. Professor Gerd Gigerenzer's argument that simple heuristics may outperform complex algorithms in solving complex problems is particularly noteworthy. In fact, in some complex scenarios, relying on our intuition or "gut feelings" may result in better decisions than relying on sophisticated technological systems. We then discuss the importance of assessing the risks associated with using seemingly free services that actually collect and exploit users' data and information to sustain their business models. We delve into the topic of recommender systems that subtly influence users' choices by nudging them towards certain features, services, or information. Next, we examine various strategies for individuals to become more mindful of the potential risks associated with using such systems, and consider ways to maintain control in a world where algorithms wield considerable influence. This has been an insightful discussion. Complement this discussion with ““Machines like Us: TOWARD AI WITH COMMON SENSE” with Professor Ronald Brachman” available at: https://www.bridgingthegaps.ie/2022/06/machines-like-us-toward-ai-with-common-sense-with-professor-ronald-brachman/ And then listen to ““Philosophy of Technology” with Professor Peter-Paul Verbeek” available at: https://www.bridgingthegaps.ie/2021/01/philosophy-of-technology-with-professor-peter-paul-verbeek/

Jim talks with Mirta Galesic about the ideas in her co-authored paper "Stewardship of Global Collective Behavior." They discuss the meaning of collective behavior, a crisis in network structures, the analogy of the printing press, consequences of person-to-person communication, the capacity for collective forgetting, unpredictable developments in chatbots, bottom-up vs top-down influence, advertising-driven information ecosystems, emergent knobs in social media design, ChatGPT's political bias, the widespread trust in algorithms, suggestions for reforming Twitter, information decay, viscosity, opportunities & dangers of mass surveillance data, the Twitter Files, free speech & cultural evolution, and much more. Episode Transcript "Stewardship of Global Collective Behavior," by Mirta Galesic et al. "Beyond collective intelligence: Collective adaptation," by Mirta Galesic et al. "Collective moderation of hate, toxicity, and extremity in online discussions," by Mirta Galesic et al. The Jim Rutt Show Chatbot "Musk and Moderation," by Jim Rutt Mirta Galesic is a Professor at the Santa Fe Institute and External Faculty at the Complexity Science Hub in Vienna, Austria, as well as the Vermont Complex Systems Center, UVM. She is also an Associate Researcher at the Harding Center for Risk Literacy and a non-resident system thinking expert at the United States Institute of Peace. She studies how simple cognitive mechanisms interact with social and physical environments to produce seemingly complex social phenomena. Her projects focus on developing empirically grounded computational models of social judgments, social learning, collective problem solving, and opinion dynamics. She is also interested in how people understand and cope with the uncertainty and complexity inherent in many everyday decisions.

In his latest book, How to Stay Smart in a Smart World: Why Human Intelligence Still Beats Algorithms, psychologist Gerd Gigerenzer examines how humans need to adapt in order to make the best use of new technologies like AI. Gerd Gigerenzer is director of the Harding Center for Risk Literacy at the University of Potsdam and director emeritus of the Center for Adaptive Behavior and Cognition at the Max Planck Institute and is an expert on human decision making. Together with Martin Reeves, Chairman of BCG Henderson Institute, he discusses the uses and limits of AI, the cost-benefit of using technology, and how we can do to better equip ourselves as individuals and societies to deal with this. In particular, he argues that shaping the context for using AI or improving the skills of users may often yield greater returns than improving the technology itself. He proposes that using AI without doing either of these things can cause the atrophy of skills, create ambiguity around truthfulness, and foster unhealthy reliance. He proposes various practical strategies for making ourselves smarter in an increasingly algorithmic world. *** About the BCG Henderson Institute The BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Computer algorithms and artificial intelligence increasingly affect more and more of our lives, from the content we're shown online, to the music we enjoy, to how our household appliances work. But the results these algorithms produce may be changing our world in ways users may not fully understand. WSJ's Danny Lewis speaks with psychologist Gerd Gigerenzer, director of the Harding Center for Risk Literacy at the University of Potsdam. He's spent decades studying how people make choices and find patterns when faced with uncertainty, and has some ideas about how to navigate and improve the relationship between AI and our society. Further reading: The Backstory of ChatGPT Creator OpenAI  New York City Delays Enforcement of AI Bias Law  How AI That Powers Chatbots and Search Queries Could Discover New Drugs  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Jonathan is speaking with Gerd Gigerenzer about how to stay smart in a smart world. They discuss: •Origins of his interest in science and why he chose psychology. •Why he chose to write his most recent book, “How to Stay Smart in a Smart World.” •How he prefers the strategy of teaching how to think versus nudging. •Artificial intelligence, it's various stages, and our current stage given our latest technology. •The stable world principle and the limitations of AI. •The recency heuristic and the concept of ecological rationality. •Viral spread of false information, deep fakes, and the need for more critical thinking. •And other topics. Dr. Gerd Gigerenzer is Director of the Harding Center for Risk Literacy at the University of Potsdam, Faculty of Health Sciences Brandenburg and partner of Simply Rational - The Institute for Decisions. He is former Director of the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development and at the Max Planck Institute for Psychological Research in Munich, Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. You can find this episode on YouTube here: https://bit.ly/3Ptgiyb Also, don't forget about our book “Thinking Critically. From Fake News to Conspiracy Theories. Using Logic to Safely Navigate the Information Landscape” if you're interested in exploring how logic can be used to better help you to discern fact from fiction. The information landscape is perilous, but with the help of this book as your guide, you will always be able to find your way towards truth. It's available on Amazon today! Book: https://amzn.to/3nWdawV This show is supported and produced by Final Stretch Media. Final Stretch believes in creating something that disrupts attention spans and challenges the marketing status quo. They do this by creating high quality visual content that captivates your audience. You can find them on: Website: https://bit.ly/3AsP3wZ This show is also supported by QuikLee; the creators of Brain Racers. The world's first ever live racing competition for the brain. Download their app and play live on the weekends on an iOS device against the world. We have raced and it's a blast! App Download: https://apple.co/33n8aJs

Quite often the ideas of ‘risk' and of ‘uncertainty' get bandied about interchangeably, but there's a world of difference between them and it matters greatly when that distinction gets lost. That's a key message from psychologist Gerd Gigerenzer, who has created an impressive case for both understanding the distinction and then acting appropriately based on the distinction. “A situation with risk,” he tells interviewer David Edmonds in this Social Science Bites podcast, “is one where you basically know everything. More precisely, you know everything that can happen in the future … you know the consequences and you know the probabilities.” It is, as Bayesian decision theorist Jimmie Savage called it, “a small world.” As an example, Gigerenzer takes us a spin on a roulette wheel – you may lose your money on a low-probability bet, but all the possible options were known in advance. Uncertainty, on the other hand, means that all future possible events aren't known, nor are their probabilities or their consequences. Rounding back to the roulette wheel, under risk all possibilities are constrained to the ball landing on a number between 1 and 36. “Under uncertainty, 37 can happen,” he jokes. “Most situations in which we make decisions,” says Gigerenzer, “involve some sort of uncertainty.” Dealing with risk versus dealing with uncertainty requires different approaches. With risk, all you need is calculation. With uncertainty, “calculation may help you to some degree, but there is no way to calculate the optimal situation.” Humans nonetheless have tools to address uncertainty. Four he identifies are heuristics, intuition, finding people to trust, and adopting narratives to sustain you. In this podcast, he focuses on heuristics, those mental shortcuts and rules of thumb that often get a bad rap. “Social science,” he says, “should take uncertainty seriously, and heuristics seriously, and then we have a key to the real world.” When asked, Gigerenzer lauds Daniel Kahneman and Amos Tversky for putting “the concept of heuristics back on the table.” But he disagrees with their fast-slow thinking model that gives quick, so-called System 1 thinking less primacy than more deliberative thinking. “We have in the social sciences a kind of rhetoric that heuristics are always second best and maximizing would be always better. That's wrong. It is only true in a world of risk; it is not correct in a world of uncertainty, where by definition you can't find the best solution simply because you don't know the future.” Researchers, he concludes, should “take uncertainty seriously and ask the question, ‘In what situations do these heuristics that people use (and experts use) actually work?' and not just say, ‘They must be wrong because they are a heuristic.'” Gigerenzer is the director of the Harding Center for Risk Literacy at the University of Potsdam and partner at Simply Rational – The Institute for Decisions. Before that he directed the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development and at the Max Planck Institute for Psychological Research. His books include general titles like Calculated Risks, Gut Feelings: The Intelligence of the Unconscious, and Risk Savvy: How to Make Good Decisions, as well as academic books such as Simple Heuristics That Make Us Smart, Rationality for Mortals, Simply Rational, and Bounded Rationality. Awards for his work include the American Association for the Advancement of Science Prize for Behavioral Science Research for the best article in the behavioral sciences in 1991, the Association of American Publishers Prize for the best book in the social and behavioral sciences for The probabilistic revolution, the German Psychology Award, and the Communicator Award of the German Research Foundation. He was a 2014 fellow at the SAGE Center for the Study of the Mind University of California, Santa Barbara (SAGE Publishing is the parent of Social Science Space) and a fellow of the Association for Psychological Science in 2008.

In the wake of the Covid-19 crisis, financial and risk literacy matters more than ever. But our survey of savers shows that the level of financial literacy is disastrously low. We speak to Patricia Pelayo Romero, expert in Insurance at Allianz Research, about what policymakers need to do to close the gap. SHOWNOTES: • Read the full report "Resilience in times of Corona": https://t1p.de/57ib • To stay up to date with our latest publications, subscribe to the Ludonomics newsletter on LinkedIn: https://t1p.de/1ake

Everyday Rockstar (0:00:00) Lisa and Richie talk with this week's featured Everyday Rockstar. You or someone you know could be featured next! Send your Everyday Rockstar nominations to thelisashow@byu.edu.   FootGolf (0:19:22) For those of you who have golfed before, have you ever felt the urge to give your golf ball a good kick? Well, we have just the sport for you! Foot Golf is a new sport that combines soccer with golf. It puts you on a golf course, takes away the golf clubs and balls, and replaces them with an easily kickable soccer ball. Are you intrigued yet? With it being one of the newer sports in the United States, we wanted to go to the officials of Foot Golf to find out what could be America's next favorite pastime. Today we're joined by Laura Balestrini, the president and CEO of the American FootGolf League, here with us to discuss the rise of foot golf and its future in America.   The Risks of Misunderstanding Risk (0:33:59) Do you sometimes feel like you live in an exponentially dangerous and scary world? In the news we find the statistics on shark attacks, deadly diseases, and homicides in our cities. It can be tough to lead a normal, care free life when we're confronted with percentages and graphs of terrible things happening around us, things (they say) that could happen to us. But how worried should we be about the risks we read about? To help us understand the difference between absolute and relative risks we're talking to Dr. Gerd Gigerenzer. He's the Director of the Harding Center for Risk Literacy and author of the book, “Risk Savvy: How to Make Good Decisions”.   Lemonade Stands (0:58:37) Lemonade stands are one of the most popular start-up businesses... for kids at least. We see them pop up all over neighborhoods during the summer, and they're usually a highlight of childhood. There's nothing better than making a big batch of terrible lemonade, coloring a cardboard sign, and making a little money of your own. Now, as grown-ups, we want our kids to have the same experience. So how can we help them be successful in their lemonade stand endeavors? Here to share her insights with us is CEO Kid founder, Leah Remillet.   Social Distance Disagreements (1:14:14) Remember when you and your significant other would argue over which restaurant to go to or whether you should go bowling or swing dancing? With different businesses around the country opening up, arguments between couples have changed from where they should go to whether they should go out at all. Just like any conflict, this needs to be resolved somehow, but with health, safety, and so much else on the line, how can that even happen? To help us with this issue, we've invited Communication Expert and Certified Life Coach, Kwesha Neal onto the show today. With her specialization in communication in relationships, we thought she would be the perfect person to talk to.   Teaching First Aid to Kids (1:27:03) Heaven forbid anything happens to our kids when we aren't present, but all parents know that accidents happen. And when they do occur, our greatest wish is for those around to know how to help. But if there isn't anyone around, what are our kids to do? As parents, the best thing we can do to prepare our kids for accidents and emergencies is to teach them first aid, so they can be the ones to help themselves, or someone else, when the inevitable happens. To share with us how we can best teach our kids first aid, we invited pediatrician Dr. Mona Amin on the show.

On this episode of Going Underground, we speak to Professor Gerd Gigerenzer, the director of the Harding Centre for Risk Literacy. He discusses how the lack of the ability of much of the global population to assess risk could lead to more deaths, making the coronavirus pandemic’s effects worse, how risk illiteracy led to more deaths on America’s roads after 9/11, whether world leaders such as Boris Johnson and Donald Trump are really ‘following the science’ in their policies to tackle Covid-19 and more! Finally, we speak to Richard Lachmann, US sociologist and author of ‘First Class Passengers on a Sinking Ship: Elite Politics and the Decline of Great Powers’. He discusses how the US’ decline is similar to the imperial collapse of the Netherlands and Great Britain, how climate change could accelerate the decline, what a post-US hegemony world would look like, and why China nor India could achieve the power the US achieved, the possibility of mass social unrest and mass movements within the US as the country declines economically and geopolitically, and more!

Can every doctor understand health statistics? Gerd Gigerenzer will describe the efforts towards this goal, a few successes, but also the steadfast forces that undermine doctors' ability to understand and act on evidence.

Can every doctor understand health statistics? Gerd Gigerenzer will describe the efforts towards this goal, a few successes, but also the steadfast forces that undermine doctors’ ability to understand and act on evidence.

Can every doctor understand health statistics? Gerd Gigerenzer will describe the efforts towards this goal, a few successes, but also the steadfast forces that undermine doctors’ ability to understand and act on evidence.

We live in a world so complicated and immense it challenges our comparably simple minds to even know which information we should use to make decisions. The human brain seems tuned to follow simple rules, and those rules change depending on the people we can turn to for support: when we decide to follow the majority or place our trust in experts, for example, depends on the networks in which we’re embedded. Consequently, much of learning and decision-making has as much or more to do with social implications as it has to do with an objective world of fact…and this has major consequences for the ways in which we come together to solve complex problems. Whether in governance, science, or private life, the strategies we lean on — mostly unconsciously — determine whether we form wise, effective groups, or whether our collective process gets jammed up with autocrats or bureaucrats. Sometimes the crowd is smarter than the individual, and sometimes not, and figuring out which strategies are better requires a nuanced look at how we make decisions with each other, and how information flows through human networks. Given the scale and intensity of modern life, the science of our social lives takes on profound importance.This week’s guest is SFI Professor & Cowan Chair in Human Social Dynamics Mirta Galesic, External Faculty at the Complexity Science Hub in Vienna, and Associate Researcher at the Harding Center for Risk Literacy at the Max Planck Institute for Human Development in Berlin. In this episode we talk about her research into how simple cognitive mechanisms interact with social and physical environments to produce complex social phenomena…and how we can understand and cope with the uncertainty and complexity inherent in many everyday decisions.If you enjoy this podcast, please help us reach a wider audience by leaving a five-star review at Apple Podcasts. Thanks for listening!Visit our website for more information or to support our science and communication efforts.Join our Facebook discussion group to meet like minds and talk about each episode.Mirta’s Website.Visit Mirta’s Google Scholar Page for links to all the papers we discuss.Mirta’s 2015 talk at SFI: “How interaction of mind and environment shapes social judgments.”Digital Transformation documentary about Mirta and her work.Michelle Girvan’s SFI Community Lecture on reservoir computing.Podcast Theme Music by Mitch Mignano.Follow us on social media:Twitter • YouTube • Facebook • Instagram • LinkedIn

Gerd Gigerenzer is Director of the Harding Center for Risk Literacy at the Max Planck Institute for Human Development in Berlin and partner of Simply Rational - The Institute for Decisions. Gigerenzer has trained U.S. federal judges, German physicians, and top managers in decision making and understanding risks and uncertainties.

“Risk Savvy: How to Make Good Decisions” by Gerd Gigerenzer is one of Michael’s favorite books from the last 10 years. Today, Michael reaches into the archives and plays an interview with Gerd Gigerenzer. Gerd is a psychologist who studies the use of bounded rationality and heuristics in decision making and investigates how humans make inferences about their world with limited time and knowledge. He is director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and director of the Harding Center for Risk Literacy. In this episode of Trend Following Radio: Daniel Kahneman vs. Gigerenzer’s views Heuristics vs. statistics Medical check-ups Taking risks Instincts vs. expert advice Relative vs. absolute risk Benjamin Franklin’s ledger Heuristics Unconscious intelligence

Prof. Gerd Gigerenzer is a global voice in improving risk communication to the public, and risk literacy in all, including doctors. He heads the Harding Center for Risk Literacy at the Max Planck Institute for Human Development in Berlin, where I recently met with him and recorded this podcast interview. More info about his work is on our blog at http://www.healthnewsreview.org/?p=60536

Gerd Gigerenzer defines what heuristics are and how they develop the way a person thinks. Gigernezer, currently a distinguished fellow at SAGE Center for the Study of the Mind, is Director of the Max Planck Institute for Human Development and Director of the Harding Center for Risk Literacy in Berlin. - See more at: http://www.news.ucsb.edu/events/homo-heuristicus-rationality-mortals#sthash.0qUqR6BJ.dpuf Series: "SAGE Center for the Study of the Mind" [Humanities] [Show ID: 28733]

Gerd Gigerenzer defines what heuristics are and how they develop the way a person thinks. Gigernezer, currently a distinguished fellow at SAGE Center for the Study of the Mind, is Director of the Max Planck Institute for Human Development and Director of the Harding Center for Risk Literacy in Berlin. - See more at: http://www.news.ucsb.edu/events/homo-heuristicus-rationality-mortals#sthash.0qUqR6BJ.dpuf Series: "SAGE Center for the Study of the Mind" [Humanities] [Show ID: 28733]

My guests today are Gerd Gigerenzer and Brian Wansink. Gigerenzer is currently director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and director of the Harding Center for Risk Literacy. Wansink is the John Dyson Professor of Marketing and the Director of the Cornell Food and Brand Lab in the Department of Applied Economics and Management at Cornell University.  The topics are Gigerenzer's book Risk Savvy: How to Make Good Decisions and Wansink's book Slim by Design: Mindless Eating Solutions for Everyday Life. In this episode of Trend Following Radio we discuss: Covel and Gigerenzer discuss the differences between Daniel Kahneman and Gigerenzer's views; heuristics vs. statistics; the notion of medical check-ups, prostate cancer, and the PSA test; taking risks, and instincts vs. expert advice; relative vs. absolute risk; Benjamin Franklin's ledger, heuristics, and romance; intuition, facts, unconscious intelligence, and gut decisions; being risk savvy and ordering in upscale restaurants, why Risk Savvy is an alternative to many other outlooks; the two tools to being risk savvy; the gaze heuristic and athletics; complex problems and simple heuristics. Covel and Wansink discuss weight and obesity; our genes and environment as an effect on our health; “doing what skinny people do” and studying buffets; modeling the behavior of slim people; the advantages of chopsticks; the power of the grocery shopper of the household; triggers and tips to avoid unhealthy behavior that happens in restaurants; correlations between where you sit in a restaurant and eating choices; the three types of people in the context of nutrition; the influence of the environment on our eating habits; being slim by design vs. being slim by willpower; pursuing happiness vs. pursuing a purpose. Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel interviews both Gerd Gigerenzer and Brian Wansink on today’s podcast. Gigerenzer joins Covel for his second appearance on the podcast. He is currently director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and director of the Harding Center for Risk Literacy. Gigerenzer’s new book is Risk Savvy: How to Make Good Decisions. Covel and Gigerenzer discuss the differences between Daniel Kahneman and Gigerenzer’s views; heuristics vs. statistics; the notion of medical check-ups, prostate cancer, and the PSA test; taking risks, and instincts vs. expert advice; relative vs. absolute risk; Benjamin Franklin’s ledger, heuristics, and romance; intuition, facts, unconscious intelligence, and gut decisions; being risk savvy and ordering in upscale restaurants, why Risk Savvy is an alternative to many other outlooks; the two tools to being risk savvy; the gaze heuristic and athletics; complex problems and simple heuristics. Next, Covel speaks with Brian Wansink. Wansink is the John Dyson Professor of Marketing and the Director of the Cornell Food and Brand Lab in the Department of Applied Economics and Management at Cornell University. His newest book is Slim By Design. Covel and Wansink discuss weight and obesity; our genes and environment as an effect on our health; “doing what skinny people do” and studying buffets; modeling the behavior of slim people; the advantages of chopsticks; the power of the grocery shopper of the household; triggers and tips to avoid unhealthy behavior that happens in restaurants; correlations between where you sit in a restaurant and eating choices; the three types of people in the context of nutrition; the influence of the environment on our eating habits; being slim by design vs. being slim by willpower; pursuing happiness vs. pursuing a purpose. Want a free trend following DVD? Go to trendfollowing.com/win.

My guest today is Gerd Gigerenzer, the director of the Max Planck Institute for Human Development in Berlin, and is a former professor of psychology at the University at Chicago. Gerd is also the director of the Harding Center for Risk Literacy (read David Harding the head of trend following firm Winton Capital). The topic is heuristics. In this episode of Trend Following Radio we discuss: Uncertainty Comparing decisions to baseball (gaze heuristic) Complex problems and simple solutions Using price action as a decision making cue Unconscious heuristics The art of knowing what one doesn't have to know The less is more effect The miracle on the Hudson River a few years ago as a case in point illustrating heuristics The idea of an adaptive toolbox The element of surprise in Gigerenzer's work The distinction between risk and uncertainty Intuition vs. rationality Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Today, Michael Covel speaks with Gerd Gigerenzer. Gigerenzer is the director of the Max Planck Institute for Human Development in Berlin, and is a former professor of psychology at the University at Chicago. Gerd is also the director of the Harding Center for Risk Literacy (read David Harding the head of trend following firm Winton Capital). Covel speaks with Gigerenzer about heuristics. For those of you that trade; for those of you that invest; and for those of you that just want to navigate risk and certainty in your life, this conversation is mission critical. His work is the philosophical foundation of trend following success, for starters. Covel and Gigerenzer discuss uncertainty; comparing decisions to baseball (gaze heuristic); complex problems and simple solutions; using price action as a decision making cue; unconscious heuristics; the art of knowing what one doesn’t have to know; the less is more effect; the miracle on the Hudson River a few years ago as a case in point illustrating heuristics; the idea of an adaptive toolbox; the element of surprise in Gigerenzer’s work; the distinction between risk and uncertainty; intuition vs. rationality. This type of understanding is ultimately far more important than any trading system breakdowns. Want a free trend following DVD? Go to trendfollowing.com/win.