Judgment Noise - Explained
What is Judgment Noise?
Written by Jason Gordon
Updated at August 21st, 2023
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What is Judgement Noise?
Judgment noise, coined by Kahneman (2016), concerns irrelevant factors, such as information that affect or influence our judgment. Noise is a type of error in judgment or decision making.
Judgment Noise and Cognitive Bias?
The increased presence of noice harms accuracy when there is no bias present. Biases may numb the effect of noise on the observer or decision maker.
What are Noise Audits?
Noise audits involve a process of independent evaluation on a few realistic cases that cover the range of problems typically encountered.
The aim of the audits is to work out a noise index on each individual case, allowing executives to recognize if the judgments of their professionals are unreliable to an extent that can not be tolerated.