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Tag Archives: thinking fast and slow

Productivity

Slow Down to Speed Up

Let’s walk down and do them all

My high school swim coach used to love to tell the story of the old bull and the young bull, standing on a hill overlooking a herd of cows. The young bull says, “Let’s run down there and (do) one of those cows.” The old bull replied, “Let’s walk down there and (do) them all.”

I mention this in this series because so far the implication has been that using lean principles to improve personal work means getting more work done faster. So, when we strive to improve personal productivity, it’s tempting to try to pick up the pace of our work. Common sense tells me that if I want to drive from Point A to Point B, I can save time by going faster. But constantly changing from lane to lane to try to get a momentary advantage may actually slow me down, not to mention that my speed may cause me to be pulled over by the police or cause an accident. By trying to do too much, we run the risk of exceeding natural speed limits that exist for good reasons.

In weapons training, you’re constantly reminded that “slow is smooth; smooth is fast.” This speaks to the importance of flow, which brings us to the connection with lean principles. It is the idea of lining up all steps in the value stream so that they get done in a steady continuous flow with no wasted motions or interruptions. The steps taken to improve flow: focusing on the actual object being worked on (make work visible), removing impediments and rethinking work practices, all take time to implement, but the effort can cut work times in half, according to Womack and Jones in Lean Thinking.

There are limitless ways of taking time before, during and after your work to improve outputs and ultimately speed up cycle times. Here are just a few examples:

Five whys: When we encounter a problem, we want to solve it as quickly as possible so we can keep going on with our work. But if we treat the symptom and don’t get rid of the root cause, we are likely to have to repeatedly solve it. The Toyota technique of asking why five times (the number is not hard and fat) adds time to the process but forces you to think at a much deeper level and may help you uncover and address the root cause, which saves a lot of time (among other things) in the long run.

Thinking slow: I’ve written here before about the two modes of thinking we all use, popularized by Daniel Kahneman as fast, intuitive, System 1 thinking; and slow, rational System 2 thinking. Most times intuition and instant recognition of what to do serves us well, but we’re all subject to built-in biases which can lead us astray. The trick is to know when to slow down and apply careful, deliberate thinking to the problem or task at hand. It becomes particularly important in a fast-changing environment, because we’re more likely to encounter situations that are different from anything we’ve seen before.

For creativity, start fast and end slow: In my own experience, whether writing an article or completing a sales call plan, there’s a tremendous benefit in doing a first draft early and then putting it aside. Flashes of insight seem to come instantly, but actually slowing down can help here as well. Somehow the flashes seem to come much easier when they’ve been incubating in my subconscious for a while. It’s especially helpful in crafting and rehearsing an important presentation; taking the time to space out the rehearsals  will spark many more improvement ideas.

Preparation: Investing time upfront in preparation is one of the best ways that slowing down can help you finish faster—and better. That’s no newsflash to anyone reading this, so I won’t waste keystrokes with the usual examples. What is amazing, however, is that preparation can improve outcomes even in situations that would seem to allow no time at all for it, such as in superfast sports activities like returning a serve in tennis or hitting a baseball. Frank Partnoy in his book Wait: The Art and Science of Delay, explains that 500 milliseconds—half a second—elapse from the time a ball leaves the server’s racket to the time the receiver hits it. The first 200ms are required for visual reaction time. This “see” phase is the same for amateurs and pros alike. That leaves 300ms for the actual physical reaction, the “hit” phase. While you or I might be able to raise our racket into the path of the ball during that time, the pros can do the physical part in 100ms. The extra time is used in gathering and processing information, so that they can actually choose their shot. In other words, the ability to go fast at the end allows them time to better prepare.

Delay and persuasion: Since a big part of getting things done is getting others to do what you want done, this precept applies to persuasion as well. In persuasion, we often find that trying to convince someone before they are ready can be counterproductive. Sometimes by slowing down selling you can speed up buying, and vice versa. A buyer who feels rushed may react or shut down entirely. New ideas often take time to gain acceptance. When you’re trying to sell ideas internally, it can be tempting to go straight to the top and get a decision forced on the organization, but good luck implementing it. In negotiations, impatience and hurry can be your biggest liability. As long as time is on your side, you don’t have to accept a bad deal.

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Book reviews - Clear thinking - Persuasive communication

Book Recommendation: Thinking, Fast and Slow

Read it fast, and then again slowly

One of the highlights of my intellectual life was discovering the work of Daniel Kahneman and Amos Tversky, in a book called Against the Gods, by Peter Bernstein. Since then, I’ve read some of his more scholarly work and have come across his name in dozens of books about thinking and decision-making. So, when I learned that he had written Thinking,  Fast and Slow, I was eager to get it and am happy to be one of the first to recommend it.

As a fan of his work, it’s a sure bet that I am biased, but as a student of his work I have taken special pains in this review not to let that bias affect my thinking. Fortunately, this time both my intuition and reason agree that it is an important book for anyone who wants to learn more about the complexities and oddities that characterize our thinking, perceptions, and decision-making.

The key theme of the first section of the book is that we all have two currents of thought running simultaneously in our heads. Think of a hybrid engine, which runs quietly on electrical power in leisurely driving but requires gasoline power for surges of performance. System 1 thinking is equivalent to the electrical power. It’s fast and effortless and mainly runs below the level of our consciousness. System 2 is slower, more logical, and often difficult to use.

Clear thinking is hard to do and rarer than we think. Our brains use a disproportionate share of our energy resources, so we’ve evolved brains that conserve mental energy as much as possible. One of the ways we do this is by taking mental shortcuts (heuristics) to quickly arrive at “good enough” answers for most of life’s questions and challenges. System 1 generally serves us well.

Except when it doesn’t. In complex situations those shortcuts can take us in the wrong direction. When faced with a difficult question to answer, one of our most common shortcuts is to substitute an easier question. For example, the question: “Will this multimillion dollar investment deliver an ROI that exceeds our hurdle rate?” often becomes, “Do I trust this person who says it will?”

You can see the obvious implications for persuasion, regardless of which side of the persuasion attempt you’re on.

Another important idea is What You See Is All There Is, (WYSIATI). Even when we don’t have complete information to answer the difficult question, we often treat the information we have as all we need. One consequence of this is the halo effect, in which a salient judgment about a specific person carries over into other judgments. For example, people who are perceived as good-looking tend also to be seen as more intelligent, capable, etc.

We are remarkably good at some types of judgments, such as inferring the intentions of another person from a momentary glance. But we are also bad at other types of judgments, such as statistical thinking and some economic choices. In the second main section of the book, Kahneman shows us how our judgments deviate from the utility-maximizing “best choices” that economists tell us we should make.

I’ve written before about loss aversion and framing effects because of their close connection with persuasion. So often, it’s not the choice that makes the difference, but how the choice is described. For example, consider the following scenario.

A person with lung cancer can choose between radiation and surgery. Surgery has a better record for long term survival, but it is riskier in the short term. In studies, participants were given either of the following two descriptions:

  • The one-month survival rate is 90%.
  • There is 10% mortality in the first month.

Which would you choose?

Participants in the studies chose surgery 84% of the time when the first choice was posed, and only 50% chose it in the second frame. The choices are exactly the same, but the description makes a big difference. Disturbing, but maybe not surprising.

What was most surprising about the studies is that the framing effect applied equally to physicians as to the general population.

What makes so many of these errors especially sinister is that we are overconfident in our own certainties and abilities. In fact, often the people who are most wrong are in the worst position to know it.

As you can see, education is not enough of a guard against irrationality. It would be nice if Kahneman would have given us some practical advice on how to improve our judgments, but he tells us that “little can be achieved without a considerable investment of effort.” If you read this book, you will at least be in a better position to recognize situations where you should be on your guard and should make the extra mental effort to think through the choice.

There are many excellent books that have come out in recent years, but most of them are based on the original thinking and research done by Daniel Kahneman, so why not go directly to the source?  Most people I talk to have never heard of Kahneman, and I didn’t want to tell you more about him until you had a chance to react first to some of his ideas. I guess I should mention that he is the only psychologist ever to have won the Nobel Prize for Economics.

In this brief review, I’ve only scratched the surface of the dozens of examples of the ways our thinking can go astray. Although most of the judgments and choices we make turn out alright, sometimes we need the extra horsepower that System 2 can provide. Any serious student or practitioner of persuasion—or of thinking clearly and resisting persuasion—should read and re-read this book.

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