Behavioural economics in re/insurance, 👍or👎? Swiss Re CEO Christian Mumenthaler gives his take on the role of #behaviouraleconomics in the industry, especially in upstream #product development and #innovation. Have a listen here: #insurance #reinsurance youtube.com/watch?v=x7Ap-R…

So special to listen to Noam Chomsky right now. Sadly, he has a stark warning: we are at a critical juncture as humans given the pace of #environmental destruction, #pandemic risks and threats to #democracy which put our continued existence at risk. #iq2 Intelligence Squared

2-3% of GDP, not just 0.4% of GDP according to current estimates, must be invested in #green #tech to stave off devastating #climate change. Many projects can and must begin now, even in a Covid-19 world ~ Robert Pollin on Intelligence Squared #iq2 Intelligence Squared

Senior Behavioural Data Scientist at Swiss Re based in London, GB Maura Feddersen Swiss Re linkedin.com/jobs/view/2339…

A hospital where 1/2 of doctors over-diagnose & 1/2 under-diagnose is a 'noisy' hospital. On average, it might look ok, but many patients are subject to intrusive, expensive treatments. Others are at risk of death. Noise, not just bias, is an issue in our judgement Cass Sunstein

Diversity of viewpoints can only surface in decisions when our judgements are derived independently of one another. In this way, our tendency to conform does not inadvertently suppress #diversity ~ DanielKahneman #noise #behaviouraleconomics

Algorithms are still far from ruling our lives, so our own human judgement still matters. With 'decision hygiene', we can address the sources of error in judgement. Think hand washing, but for #decision making ~ Olivier Sibony Cass Sunstein DanielKahneman #noise

Decision hygiene, a structure for developing our judgements, is not a straitjacket. It gives us scope to do more than to say 'yes' or 'no' to what the person before us said. It encourages us to go deeper and consider the 'why'. This only enhances our agency. ~ Cass Sunstein

At my doorstep this morning my most anticipated #behaviouraleconomics book in months! It's not just #bias, but also #noise (unwanted fluctuations in human judgement) that cause problems! Keen to get all the details from Daniel Kahneman, Olivier Sibony and Cass Sunstein 🤓📖

We can only approach an objective #truth through #debate. We can make up for our own reasoning errors through the collective, if we engage critically with others and learn from other viewpoints ~ Steven Pinker Dilip Soman 🇨🇦 BEAR UofT #rationality

How can the #insurance sector best harness the opportunities in #behaviouraleconomics? The ten takeaways from #swissreinstitute's research: ow.ly/S9lw50GVjxW

“Behavioural economists place humans at the centre of product development, sales, or any part of the insurance value chain." We talked to Maura Feddersen from Swiss Re about behavioural economics, underwriting, and how science can back expert judgement. instech.london/insight/behavi…

Organisations are increasing investments in the scaling of best practices for strong expert #judgement backed by #training and #technology. Find out more here: theactuary.com/2022/10/06/no-…

Maura Feddersen, Behavioural Economist at Swiss Re, talks with 'FP&A Today' on the science of forecasting and how new methods can be used to overcome cognitive #biases and improved accuracy by 5%. Listen to her #podcast 👉ow.ly/K3I1104GzGG #BehaviouralEconomics Datarails