Friday, 27 January 2017

Fishing, Fast and Slow

 Life is like fishing.

Michael Lewis, ( author of Money Ball , The Big Short, etc. ) has written a new book , “ The Undoing Project , A Friendship That Changed Our Minds “ , about Daniel Khaneman and Amos Tversky. 
Khahneman received the Nobel Prize in Economics in 2002 for their work in Psychology ( Tversky died in 1996 ) .  Khaneman’s  best selling book ,“ Thinking Fast and Slow “ is about how systemic errors in our mental processes effect our judgements.  I hope Lewis' attention makes Khaneman even better known..

 I don’t want to give the impression that I am much of a reader, but certain ideas are very important.  “ Thinking Fast and Slow “ gives a firm grounding to fishing. It carries a theme that is the opposite balancing to the feel of fishing.  Think “Moneyball” in which statisticians have better judgement than baseball Scouts. ( Actually, Lewis wrote Moneyball before he knew about the original source of those ideas. )

But, but , but... I love the feel of fishing, which is all about judgements based on small sample sizes, personal experience, anecdote, and especially intuition. All those things humans do poorly, but with confidence. There is a tension here with the sense of refined deep knowing that comes with repeated cycles, of knowing the signs to look for, knowing what to do. You can trust my intuition, I’m your fishing guide. 

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