This episode of The Knowledge Project podcast features Todd Simkin, a Susquehanna Group trader, discussing decision-making strategies. The interview covers Simkin's background, his Bayesian approach to decision-making in trading (updating probabilities based on new information), and the challenges of information asymmetry. He emphasizes the importance of "truth-finding over action," fostering open communication among colleagues to identify and correct cognitive biases, and the value of reflective listening in personal and professional contexts. Simkin shares practical advice on improving decision-making, including seeking disconfirming information and modeling constructive communication. The discussion also touches on his experience on Jeopardy and overcoming depression.
