Episode 001: Base Rates and Bees with Michael Mauboussin

How might our decision-making improve if we ask ourselves, “What happened when other people were in this situation before?” Michael Mauboussin, Head of Consilient Research at Counterpoint Global, joins your host Dr. Joe Sweeney, Executive Director of the Alliance for Decision Education, to discuss the importance of considering base rates and reference classes when making tough choices, the undervalued impact of keeping a decision journal, and the overlooked role of luck in the outcomes we observe. And when it comes to the choice between exploring and exploiting our resources, you’ll learn what ants and bees can teach us about decision-making. Welcome to Season 1 - Episode 1.

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The decisions we make have a tremendous impact on our lives and the lives of those around us. But what goes into making better decisions? Hear from experts from diverse backgrounds as they share insights on how asking the right questions, improving predictions, managing cognitive biases, and other strategies can make us better decision makers. Through real-life stories and cutting-edge research, gain practical strategies and transform your understanding of the role decisions play in our lives.