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I disagree with following statement: "Gut instinct doesn't work either". If system 1 according to Kahneman is meant, it's ok. But there are experts intuition (needs to be trained in a specific context) and intuition itself defined as "direct perception of truth, fact, etc., independent of any reasoning process". Intuition DOES work, very effectively when coupled with sane reasoning.

We like to think the decisions we make are good ones, based on solid reasoning. And when you're in charge of a function or selecting leaders for a company, you need to believe that. Second-guessing every judgment can lead to paralysis. And in a state like that, nothing gets done. Yet research into decision making shows that everyone is prey to serious cognitive flaws.