The Art of Thinking Clearly: Better Thinking, Better Decisions

  • April 11, 2013 · 6:30 PM
  • This location is shown only to members

Speaker: Rolf Dobelli
Chair: Dr Alec Morton

If you have ever doubted that you have made a good decision this lecture is for you. We spend years if not decades being on the "wrong track" because of our decisions and sometimes we "blindly" follow the "pack".

Rolf Dobelli argues that we are swayed by cognitive biases when making decisions. By knowing what they are and how to spot them, we can avoid them and make better choices. In this lecture, Rolf will guide us through the most common errors of judgement and how to avoid them. It will transform your decision making – at work, at home, every day.

Rolf Dobelli is a Swiss writer and entrepreneur. He has an MBA and a PhD in economic philosophy from the University of St. Gallen, Switzerland, and is a co-founder of getAbstract, the world's leading provider of book summaries. Dobelli is also founder and curator of Zurich.Minds, an invitation-only community of the most distinguished thinkers, scientists and artists. His book, The Art of Thinking Clearly| has sold in over 17 languages and has been a massive bestseller in Europe.

Suggested hashtag for this event for Twitter users: #LSEthinkclearly

This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email [masked]| or call 020 7955 6043

Joining the London European Club which is run by volunteers was a good decision. Not RSVPing accurately would be a bad decision because you will become a "former member".

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  • Loukia

    If any of you would like to listen to the lecture once more, the podcast is now online at: http://www2.lse.ac.uk/publicEve...­

    2 · May 3, 2013

  • Audrey

    Oops! I forgot the link in my comment below! Here it is:
    http://www.youtube.com/watch?v=...­

    April 12, 2013

    • Maja

      Hillarious and true

      April 15, 2013

  • Beata

    My briefing is below. Anyone who heard the talk, would you please correct my notes or add further explanation.

    Humans make systematic thinking errors due to several factors listed beneath:
    1. Outcome bias.
    People look for specifics, particulars and neglect wider spectrum. Despite statistical distributions humans have tendency to underestimate or overestimation. The latter men are more susceptible to than women.
    2. Authority bias.
    That makes you confused and stops your critical thinking in presence of authority.
    3. Social proof.
    People follow the crowd and copy others. Women are more receptible than men.
    4. Justification.
    If you give any reason when asking to do you a favour people are more likely to agree even if without any reason they would think your request was not fair. The reason does not need to be logical. Any excuse will do. Eg. Airplane is delayed due to ...... is more acceptable by passengers that only the airplane is delayed.

    2 · April 12, 2013

    • Loreta

      Thank you Beata, very useful!

      1 · April 13, 2013

  • Audrey

    I enjoyed the talk. I thought he was a good speaker - it was obviously a selling exercise but he delivered the whole thing in a fun and engaging style. He picked a few key examples from everyday life which made me laugh as I could totally relate to them. By the way, I'm all in favour of 'Get it NOW'!!! The pub chat afterwards was great - as always!Thanks for organising! PS: Here's the link to Michael McIntyre's joke about the tube in London;-)

    1 · April 12, 2013

  • Beata

    5. Motivation crowding.
    Penalties, monetary incentives often work the opposite that what they were intended for. Non monetary incentives work better.
    6. Timing/hyperbolic discounting.
    We give up more to have something now than later. Watch the marshmallow test on youtube.
    7. Effort justification.
    Your work, time makes things more valuable to you than they really are. See IKEA effect. Or ready cake mixtures where you need to add an ingredient.
    8. Sunk cost fallacy. Do what you love and not what has higher price attached to it. So do not be clouded in your judgements. Build circle of competence around you. And do not fall into “contrast effect” during sales. Please do not blame others for your failures and do not give credits of success to yourself only. There is a lot more noise surrounding us.

    1 · April 12, 2013

  • Beata

    The lecture was recorded and will be forecast.

    April 12, 2013

  • Beata

    subject very much in demand:)

    April 12, 2013

  • Marion

    Very informative lecture even though I don't agree with everything he said. Seamus, everyone falls into these thinking traps, but at least now you are aware of them... Great time in the pub, too. This is the link to the Marshmallow Experience... very cute http://www.youtube.com/watch?v=...­

    1 · April 12, 2013

    • Maja

      Thanks for the link, it is sooooo funny. We will conduct it in our office :-)

      1 · April 12, 2013

  • Tasha

    I did not get in, there was a very long queue , will there be another one coming up?

    April 12, 2013

  • A former member
    A former member

    v good

    April 12, 2013

  • Rosaria

    even if I arrived early I didn t manage to get in

    April 12, 2013

  • Tiziana

    Entertaining.

    April 12, 2013

  • Pamela

    I enjoyed the talk, you probably all know if you want the book it is available free on Amazon as a download to your Kindle.

    April 12, 2013

  • Bianca

    Good to see everybody in the pub. Thank you Maja for organizing this!

    April 12, 2013

  • Kevin

    I liked the talk, especially the first example he gave about monkeys trying to predict the stock market outcomes. I'm plodding through his book and it has made me scratch my chin in thought already. Thanks for organising!

    April 12, 2013

  • Loreta

    Was a fun lecture, very good event, thank you for info and organizing!

    April 12, 2013

  • A former member
    A former member

    I found Rolf Dobelli to be an interesting and engaging speaker, I definitely fall into some of the biassed thinking traps he mentioned. Good fun in the pub, particularly getting a first hand account of recent Hungarian history from a charming young woman. All for the price of my tube fare and a few pints, beats Question Time on BBC1 (my normal Thursday evening entertainment). Thanks Maya for organizing :)

    April 12, 2013

  • Maja

    Well I certainly enjoyed the chats during the talk ( which I missed) and afterwards when everyone came to the pub. Lovely seeing you all and getting an insight on so many issues. Am I thinking clearly? Well I feel rather sleepy.

    1 · April 12, 2013

  • JT

    3 of us are in the New Theater, East Building watxhing a live telecast of the lectire.

    April 11, 2013

  • Maja

    6 of us are at the Deveraux.

    April 11, 2013

  • Marion

    There is s really long queue already.

    April 11, 2013

    • Maja

      Yes really long and I'm in it. Those of you who can't get in, can go to the Deveraux pub.

      April 11, 2013

  • Marion

    They're holding people at barrier now but still let some through.

    April 11, 2013

    • Dharshana

      I've just joined the queue..

      April 11, 2013

  • Andra

    So sorry, i have to cancel as i'll not make it in time, my day went a bit differently than expected. I'm ordering the book on Amazon though, it looks very interesting! :)

    April 11, 2013

  • Andrew

    Hi Maya .. As a number of people have cancelled I may attend this event... Hope that is ok as rsvps have closes. Thanks

    April 11, 2013

  • A former member
    A former member

    I'm sorry but due to work commitments no longer able to make it

    April 11, 2013

  • Marc Faltheim

    HI Maya,
    I had reserved to attend this event this evening but will likely be held up in a late work related meeting, thought wiser to cancel at this point. Thank you for your understanding. Rgds., Marc

    April 11, 2013

  • Paul R

    So sorry, to cancel this late, but have orders to babysit.

    April 11, 2013

  • Paul R

    So sorry, to cancel so late, but now have to babysit

    April 11, 2013

  • Maja

    Thanks Loukia,

    that is a much bigger theater so there is a chance for more of us to fit in. I have ammended the location.

    1 · April 10, 2013

  • Loukia

    Hi all!
    The venue for this lecture has now changed to: Sheigh Zayed Theatre, LSE.
    http://www2.lse.ac.uk/publicEve...­

    1 · April 10, 2013

  • Maja

    Since so many of us need instructions on Clear Thinking I'd suggest that you go there at least 30 minutes earlier. I can not book space for you, you can attend on a first come first serve basis which means that you won't be let in once the theater is full. I'll send you instructions about the pub we are going to, you can wait for us there if you can't get in.

    March 26, 2013

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