#47: The Intelligence of Intuition with Gerd Gigerenzer

The podcast explores the concept of heuristics and intuition in decision-making, contrasting it with the traditional "heuristics and biases" perspective. Gerd Gigerenzer, Director of the Harding Center for Risk Literacy, discusses how heuristics, or rules of thumb, are often more effective than complex calculations in uncertain situations. He argues against the notion that intuition is inferior to logic, presenting it instead as a form of intelligence derived from experience. Gigerenzer critiques the "two systems theories of reasoning" and advocates for ecological rationality, which evaluates decisions based on real-world success rather than abstract logic. Examples include how baseball outfielders catch fly balls and how organizations can foster environments that value diverse perspectives and open criticism.