3. Indiana Jones & the Last Crusade: Bounded Rationality & Heuristics

StoryBall Podcast

Quick! Your father has been shot and lies dying in the dust of an ancient temple where the Holy Grail is kept. You have to choose the real grail among two dozens possible options. Choosing poorly is certain death. There's no time to spare! How do you choose?!

In this episode we discuss bounded rationality (i.e. making decisions with imperfect information) and heuristics (the rules of thumb that substitute for extensive analysis) and how Indiana Jones relies on just such concepts to save his father and achieve everlasting life.

Find us on Twitter @matovery

Further reading:

Strategy, by Lawrence Freedman

Thinking, Fast & Slow, by Daniel Kahneman

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