Trial and Error vs Experts

Filed under: Podcasts | |

Here is a fascinating TED presentation from economics writer Tim Harford defending trial and error methods of arriving at solutions. Harford specifically compares expert solutions to trial and error methods at arriving at solutions to complicated problems.

Why is this important? Many problems do not have solutions that are black and white. We are not asking what is 3 + 4. Instead we are asking how do we create the most effective vaccine? Or, for business people what is the most effective pitch.

Harford suggests the best method for arriving at an answer is to try as many possible solutions as is practical and then iterate with the best ones.

It’s a fine argument is favor of the fail faster philosophy. Give it a watch.