How ‘Noise’ Affects Our Judgment in Business, Science, Government and Beyond

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From WSJBooks: A Nobel Prize-winning psychologist and economist and his co-authors explain how noise undermines the workings of professionals in fields such as medicine, law and economics. “Wherever there is judgment, there is noise.”

An interview with Daniel Kahneman, Olivier Sibony and Cass R. Sunstein about their book ‘Noise: A Flaw in Human Judgment.’Editor’s note: this transcript excerpt has been edited for clarity and length.

In expertise we trust: Throughout business, science, medicine and the law, we count on the experience and training of those in carefully vetted roles to deliver consistent information and judgments.

 

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