<p>If you want to know why no one predicted the Arab spring or the financial meltdown, Kahneman has a simple, but distressing answer – it’s because we never really had the ability to make a truly analytical assessment; our System One and System Two prevented that from ever happening.</p> <p>To the facts, we add things like, for example, a “halo” effect, in which we give a seemingly successful leader the benefit of the doubt when things go wrong, because he once was so right.
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Friday November 11, 2011
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<p>If you want to know why no one predicted the Arab spring or the financial meltdown, Kahneman has a simple, but distressing answer – it’s because we never really had the ability to make a truly analytical assessment; our System One and System Two prevented that from ever happening.</p> <p>To the facts, we add things like, for example, a “halo” effect, in which we give a seemingly successful leader the benefit of the doubt when things go wrong, because he once was so right.