How do smart people make smart decisions?

A few questions about your decision making:

  • How did you choose your couple? Did you make a rational analysis of all alternatives and consequences? Did you actually choose at all?
  • How does a plane pilot in an emergency decide if he can make it to the runway of the airport or should try landing on the Hudson river?
  • Are rational decision-making models actually used by humans? Are heuristics not only faster but also better than rational models?
  • When to use quantitative methods and when to use intuition?

These are some of the very interesting issues that Gerd Gigerenzer talks about.