Michael Lewis [Archive.org URL]

The question is why, having identified these cognitive illusions or whatever you want to call them, they persist. We don’t pay more attention to them. […] It’s very hard for a person to self correct. What you can do, Amos [Tversky] would say, is change your environment in which you make decisions, so people are more likely to point out to you if you’re making errors. It argues for decision-making environments that aren’t autocratic and an approach to decision making where the decision maker isn’t assuming he’s infallible or has unbelievable gut instinct.

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