Summary: This article debunks the erroneous beliefs regarding the expertise of individuals in making decisions within open-loop systems and presents an approach to overcome their limitations. Open-loop systems don’t provide real-time feedback of the results.  This makes it difficult to adjust strategies effectively.  For instance, in real estate investments or marketing campaigns, the success or failure of a decision is not known for months or years, making it difficult to make informed decisions.  For example, human resource managers receive feedback on an employee’s performance after making the hiring decision . The lack of actual feedback in open-loop systems impairs the accumulation of experience.  Unlike close-loop systems, like driving a car, where numerous decisions are made with real-time feedback.  Open-loop systems ...

Discussions on how AI can improve human decision-making by providing accurate and up-to-date information and knowledge. Human Reasoning Reasoning is the process through which individuals use information and knowledge to make judgments, decisions and solve problems. However, it is surprising to hear people expressing opinions on topics for which they have limited information or knowledge. Questions about the Vietnam War, the JFK assassination, global warming or vaccines receive diverse responses from individuals. Further questioning will reveal that their knowledge on the subject is insignificant. For example, some people determine that climate warming is a natural phenomenon, not caused by human activities. They argue that there were cold and warm periods in the past, volcano emissions are more significant than human ...

Myths have played an important role in human history by providing moral guidance and creating a sense of identity and community. Myths can also be a cognitive limitation for humans and can lead to wrong decisions such as war. Why human believe in myths: They may lack access to accurate information or the skill to evaluate the information they have. They often apply their previous experiences and knowledge to new situations. They might reject information sources because they disagree with the ideology presented by those sources. Cognitive biases that make it difficult to question or challenge myths. For example, people may be more likely to accept information that confirms their existing beliefs and to reject information that contradicts them.  They ...

Cognitive Group, leader in cognitive engineering, is looking to expand its team located at its downtown Montreal’s office.   Role and responsibilities Perform user research Perform task analysis Build the journey map / business process Analyse comparables and the competition In team with UI/UX designer, do the UI design for web, mobile and other devices  Prepare and run usability tests In team with UI/UX designer, iterate prototypes in a fast iterative mode Interact with customers and stakeholders   Qualifications Empathy Listening skills Opening Ability to present and share design rationale   Preferred Qualifications / Interests Interest in projects of a technical nature intended for experts in aeronautics (pilots, maintenance teams, flight data analysts, etc.) 5 years experience  Bachelor Degree in ...

Today, in traditional banks, the average decision time for business loans is between three and five weeks. In our opinion, these times will soon be obsolete and unacceptable. Major banks have embraced the digital lending revolution, which has reduced decision and approval times.   We are happy to announce the version 2 of  BusinessBANKER to help you: Reduce decision time to five minutes. Reduce payout time to less than 24 hours. Automate operations. Provide instant view of transaction pipelines and customer situation. Stay post for coming announcement.  

The extraordinary radio program Enquête and the excellent column “Software abuse” by Pierre Trudel published in the April 19, 2019 issue of Le Devoir, reveal shocking facts about a software application called the Practice Support System (PSS).  Thomas Audet, a 22-month-old child, died in June 2016. One month earlier, his case had been brought to the attention of the Quebec Directorate of Youth Protection (DYP). The Human Rights Commission report points to questionable decisions caused by software that delayed the assessment of the child’s youth protection case. The Support System software is mandatory for all youth protection cases. It generates one of three intervention codes: Immediately Within 24 hours Within two to three days “In the case of Thomas […], ...

A doctor diagnosing, a mechanic repairing equipment, an army general deciding to send his force to combat all use the same model of human information processing. Gather information, evaluate and analyze information, make a decision, execute the action and obtain feedback. Humans have limited attention and judge information using the knowledge stored in their long-term memory. In a loan application, the role of the loan adjudicator is to decide whether or not the loan application will be accepted. To achieve this objective, the adjudicator verifies and analyzes the information to ensure that the loan application meets the criteria and standards of the financial institution. These criteria are established over the years of banking practices. Risk managers from across the organization ...

Summary: Procrastination consists of postponing key tasks to the last minute while doing pleasing task instead. By using the pleasing tasks to your advantage you can effectively fight procrastination.   We have a report to write, problems to solve, handy work to do. Instead of doing those key tasks, we do all sort of other things. We attend unnecessary meetings, browse the internet, talk with colleagues, accept other engagements and end up with last minute panic. This situation is widespread. It greatly impacts our performance and the quality of our deliverable. The enemies that make us procrastinate are those small pleasures that seduce us into postponing important tasks. The trick to fighting procrastination is to transform this enemy into our ...

After a business review that included a field study and cognitive task analysis, it was found that the new software require three times more user action. The project manager reacted by saying the project scope is to make the transition, respect deadlines and budget. Meaning he does not want to change the plan. After reviewing  the findings again, they realized that the situation was even worst than they expected it. In the end, the client followed our recommendations because the facts were rock solid and we found a solution that would integrate existing technology already in use at the financial institution. Many IT (Information technology) projects are planned and scoped before need analysis or field study are done. Over the ...