• When AI Makes Thinking Too Easy

    AI facilitates System 1 thinking and may suppress System 2 thinking. This is a hypothesis that I have been reflecting on lately. As Daniel Kahneman explained in ๐˜›๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ๐˜ช๐˜ฏ๐˜จ, ๐˜๐˜ข๐˜ด๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜š๐˜ญ๐˜ฐ๐˜ธ, there are two types of thinking: ๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ ๐Ÿญ โ€“ automatic and intuitive, but prone to mistakes๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ ๐Ÿฎ โ€“ deliberate and thoughtful, but requires more… โ†’

  • Rethinking ROI in Finance: Key Questions to Ask

    โ€œWhatโ€™s the ROI?โ€ย ๐Ÿค” This is a fair question that I have often asked during my FP&A career, but itโ€™s not always the right one. To be clear, if the amount is large enough and/or the return is forecastable, then ROI is the right way to go.ย However, for โ€˜small-to-medium-sizedโ€™ requests with uncertain payoffs, there is a… โ†’