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Tag Archives: heuristics
August 14, 2009
Confronting Confirmation Bias Toward the end of The Ascent of Money, author Niall Ferguson delves into heuristics, a word that I think should mean “the statistics of vomiting,” but actually refers to mental, or cognitive, shortcuts. Humans have evolved heuristics as a way to think more efficiently, but heuristics present decision-making liabilities.