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" "About ten years ago, while visiting Japan, I toured a Toyota car manufacturing plant that was able to produce five hundred cars per day with only four hundred employees because of automation. I thought to myself, 'Imagine if you could take this automation and productivity out of the factory and put it into our everyday lives?' I believe this will increase our global economy by orders of magnitude in the decades ahead.
Peter H. Diamandis (born May 20, 1961) is an American engineer, physician, and entrepreneur. He is best known as the founder and chairman of the XPRIZE Foundation, and the cofounder and executive chairman of Singularity University. He is also cofounder and former CEO of the Zero Gravity Corporation, cofounder and vice chairman of Space Adventures Ltd., founder and chairman of the Rocket Racing League, cofounder of the International Space University, cofounder of Planetary Resources, cofounder of Celularity, founder of Students for the Exploration and Development of Space, and vice chairman and cofounder of Human Longevity, Inc.
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Heuristics are an evolutionary solution to an ongoing problem: we have limited mental resources. As such, they have a very long and thoroughly time-tested history of helping us — on average — make better decisions. But what Kahneman discovered is that there are certain situations when our reliance on heuristics leads to what he calls "severe and systematic errors."