Intuition: How it Works and What to Do when it Fails You

The video explores the concept of intuition, detailing its stages: perception, understanding, and judgement. It highlights how intuition can guide decisions but also fail due to poor information selection, incorrect pattern recognition, and wrong mental models. The video emphasizes testing assumptions and predictions to improve decision-making and warns against the risks of indecision.

What are the two main functions of intuition as described in the video?

• Understanding and predicting outcomes

• Making decisions and solving problems

• Extracting valuable information and making sense of it

• Extracting and analyzing data

Which stage of intuition involves selecting a small amount of information to focus on?

• Judgment

• Decision-making

• Understanding

• Perception

What is the term used by Malcolm Gladwell to describe the process of understanding complex situations quickly?

• Thin slicing

• Data filtering

• Pattern recognition

• Rapid analysis

What is a common cause of incorrect pattern recognition in intuition?

• Overconfidence

• Random coincidences

• Lack of experience

• Too much data

How can you verify if a pattern is real according to the video?

• By making assumptions

• By using intuition

• By increasing the data set

• By consulting experts

What should you consider when applying a mental model to a situation?

• The complexity of the situation

• The speed of decision-making

• Where the model works and where it breaks down

• The number of stakeholders involved

Why is it important to test assumptions in predictions?

• To check their impact on outcomes

• To confirm they align with biases

• To simplify the decision-making process

• To ensure they are easy to understand

What is a potential risk of not making a decision?

• Increased complexity

• Feeling uncomfortable

• Missing opportunities

• Avoiding mistakes

What is a recommended method for testing a plan?

• Asking the same person to review it

• Reviewing it immediately

• Ignoring it

• Putting it away for a while

What is the final step in the intuition process that leads to decision-making?

• Understanding patterns

• Predicting outcomes

• Evaluating options

• Creating a plan