The Psychology of Thinking - Exploring Human Reasoning and Decision-Making

Explore the intricacies of human reasoning in this 56-minute lecture by world-renowned psychologist Richard Nisbett at The Royal Institution. Delve into topics such as IQ tests, the Information Revolution, aversive behavior, statistical concepts like correlation and the law of large numbers, and business model evaluation. Examine extreme observations, self-selection, random assignment, and multiple regression analysis. Learn about measuring social class, controlling variables, A/B testing, and the concept of opportunity cost. Gain insights into cognitive dissonance and how it affects decision-making. Discover tools for smarter thinking that can improve your life and the lives of those around you. Access a follow-up Q&A session for further discussion on these thought-provoking ideas.

Intro
IQ tests
How did this happen
The Information Revolution
Aversive
Peoples guesses
The correlation
Law of large numbers
Evaluating business models
Extreme observations of events
Self selection
Random assignment
Multiple regression
Multiple regression analysis
Measuring social class
Controlling for variables
Be testing
Grocery stores
Opportunity cost
Cognitive Dissonance