Economy

World-renown economist, Noreena Hertz, kicked off day two of the General Assembly of Municipalities and Regions on Thursday 27 September, with a keynote address on how to make good decisions in today’s complex and oftentimes confusing world.

“We need good information to make good decisions,” she explains.  “The problem is that we are too trusting of experts, too in thrall of science and there exists too big a flow of information.”

Hertz explains that we have become too addicted to experts and have consequently given up on our own intellect and autonomy.  Among the strategies she enumerated to overcome this blind faith in experts is dispelling the hierarchical notion of expertise and learning to better cooperate.

Moreover, in these times of crisis and “in order to be more resilient, we need to learn to be more flexible,” she concludes.