Summary: Byron White talks with Dr. Richard (Dick) Nisbett about his book Mindware: Tools for Smart Thinking. Nisbett discusses how to frame common problems in a way that these scientific and statistical principles can be applied to them. He also suggests the best methods for teaching others how to use powerful problem-solving concepts including the law of large numbers, statistical regression, cost-benefit analysis, sunk costs and opportunity costs, and causation and correlation effectively in peoples daily lives.
