Heuristics and Biases

πŸ“–Concept#note/concept
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Heuristics are mental shortcuts or rules of thumb that allow people to make decisions and judgements quickly.

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This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.

Heuristics can lead to cognitive biases or systemic errors in thinking.

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The technical definition of heuristic is a simple procedure that helps find adequate, though often imperfect, answers to difficult questions. The word comes from the same root as eureka.

Common Heuristics include the availability Heuristic where we judge based on how easily examples come to mind and the representativeness Heuristic where we judge based on resemblance to something else.

The anchor bias stems from the availability Heuristic when our judgement is weighted towards our initial information. Confirmation bias can stem from the representativeness Heuristic where we select information which confirms what we already believe.


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