287: Gut Feelings and the Art of Decision-Making

More at http://philosophytalk.org/shows/gut-feelings-and-art-decision-making. We may think of ourselves as rational decision-makers, but we often base even high-stakes decisions on intuitions or "gut feelings" rather than explicit reasoning. Decisions based on intuition are not highly esteemed in business, politics, or medicine – which may lead decision-makers to construct elaborate post facto rationalizations to explain their intuitive choices. What place should intuitions have in important decision-making? Is there a role for expertise in developing reliable gut-feelings? John and Ken trust their instincts with Gerd Gigerenzer from the Max Planck Institute for Human Development, author of "Gut Feelings: The Intelligence of the Unconscious."