Using data and logic pays off at the poker table, and we think it will pay off for your organization as well. Whether you are a foundation or non-profit reviewing grant applications, a startup incubator or accelerator reviewing applications from budding entrepreneurs that want access to your programs, or a business making big decisions around strategy and product – making use of as much relevant information as possible within the time available will improve your outcomes over time. It’s important to find a way to implement solutions, software or otherwise, to aid in the management of these submissions, applications, and group decisions. Continue reading
In the book, “Thinking, Fast and Slow”, author and Nobel Prize laureate Daniel Kahneman identifies two thinking systems we possess called “System 1″ and “System 2″. Each system is responsible for a very different kind of thinking – one system isn’t fundamentally better than the other. The trouble occurs when one system jumps in to do work best left to its buddy system. This happens more than we would like to admit, and so it is critical that we have a basic understanding of these systems, the tricks they can play on one another, and how to limit the negative effects of these tricks.
Lucky for you, that’s what we’re going to cover today!