Madan Pillutla, Professor of Organisational Behaviour at LBS talks on the efforts psychologists have made to debias individuals.

Learn more about what the AQR Asset Management offers: https://www.london.edu/faculty-and-research/aqr-asset-management-institute

The literature on bias is large: however it is rather small when it comes to debiasing. In this film, Prof. Pillutla speaks at the AQR Asset Management Institute event 2018 to discuss the psychological literature around de-biasing judgements and decision making.

00:00 Introduction
03:00 Assumptions on Debiasing
06:40 Definitions behind Debiasing
15:10 What training is needed to support debiasing?
17:30 What does education have to do with debiasing?
18:20 The Fast and Frugal Approach – Hertwig & Grune-Yanoff (2017)
20:00 Wason Selection Task
21:18 Sensible SelectionTask
22:37 Bayes Rule
24:57 What is Choice Architecture?
34:00 Closing comments

Find out more about Prof. Madan Pillutla: https://www.london.edu/faculty-and-research/faculty-profiles/p/pillutla-m

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