Chance upon this excerpt from a book called "Blink" and thought that it was interesting; since we had been discussing a little on decision making. This excerpt brings in an entirely different angle to look at decision making than in the conventional way; where sometimes analysing less is better. It's quite long read, so pardon me.
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The Second Mind
Imagine that I asked you to a play a very simple gambling game. In front of you, are four decks of cards--two red and two blue. Each card in those four decks either wins you a sum of money or costs you some money, and your job is to turn over cards from any of the decks, one at a time, in such a way that maximizes your winnings. What you don't know at the beginning, however, is that the red decks are a minefield. The rewards are high, but when you lose on red, you lose a lot. You can really only win by taking cards from the blue decks, which offer a nice, steady diet of $50 and $100 payoffs. The question is: how long will it take you to figure this out?
A group of scientists at the University of Iowa did this experiment a few years ago, and what they found is that after we've turned over about fifty cards, most of us start to develop a hunch about what's going on. We don't know why we prefer the blue decks. But we're pretty sure, at that point, that they are a better bet. After turning over about eighty cards, most of us have figured the game out, and can explain exactly why the first two decks are such a bad idea. This much is straightforward. We have some experiences. We think them through. We develop a theory, and then finally we put two and two together. That's the way learning works. But the Iowa scientists did something else, and this is where the strange part of the experiment begins. They hooked each gambler up to a polygraph--a lie detector machine--that measured the activity of the sweat glands that all of us have below the skin in the palms of our hands. Most sweat glands respond to temperature. But those in our palms open up in response to stress--which is why we get clammy hands when we are nervous. What the Iowa scientists found is that gamblers started generating stress responses to red decks by the tenth card, forty cards before they were able to say that they had a hunch about what was wrong with those two decks. More importantly, right around the time their palms started sweating, their behavior began to change as well. They started favoring the good decks, and taking fewer and fewer cards from A and B. In other words, the gamblers figured the game out before they figured the game out: they began making the necessary adjustments long before they were consciously aware of what adjustments they were supposed to be making.
The Iowa study is just an experiment, of course, a simple card game involving a handful of subjects and a polygraph machine. But it's a very powerful illustration of the way our minds work. Here is a situation where the stakes were high, where things were moving quickly, and where the participants had to make sense of a lot of new and confusing information in a very short time--and what does the Iowa experiment tell us? That in those moments our brain uses two very different strategies to make sense of the situation. The first is the one we're most familiar with. It's the conscious strategy. We think about what we've learned, and eventually come up with an answer. This strategy is logical and definitive. But it takes us eighty cards to get there. It's slow. It needs a lot of information. There's a second strategy, though. It operates a lot more quickly. It starts to kick in after ten cards, and it's really smart because it picks up the problem with the red decks almost immediately. It has the drawback, however, that it operates--at least at first--entirely below the surface of consciousness. It sends its messages through weirdly indirect channels, like the sweat glands on the palms of our hands. It's a system in which our brain reaches conclusions without immediately telling us that it's reaching conclusions.
~Malcolm Gladwell~
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Sometimes we need to train and develop our subconcious to help us when it comes to making decisions; to recognise and be aware of the subtle signals our body is trying to tell us.
On the hindsight, not all rational decisions end up being good decisions
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