John Kuti
John Kuti
Aug 9, 2017 · 1 min read

From my observations of ageing, what is gained is a kind of ingrained skill of pattern recognition: vital for dealing with super-complex situations. My reference for this would be Kahneman’s thinking “fast and slow”. If you’ve been living right you’ll have a few handy cognitive short-cuts as you get older, but that’s “thinking fast” and it isn’t always going to give the optimal answer. It’s an automatic skill that works on stereotypes and probabilities. For expert chess-players says Kahneman “they can compute for a while but the basic selection of moves is performed automatically” (about min.28 in the video linked to above)

I won’t say any more about Hayek — as a UK citizen too many tendentious and downright nutty (but supposedly Hayekian) ideas have been inflicted on poor old Blighty to give him a fair hearing any more. (sorry — that’s my inner grandfather acting on instinct!)