DSimon comments on The Boundaries of Biases - Less Wrong
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Comments (15)
Ok, I see what you mean. Sounds like the difference between a bad bias and a good bias is whether the person realizes they're sacrificing accuracy, and is consistent in dealing with the consequences of that.
Or maybe a better way to put it is: bad biases lose accuracy, good biases only lose precision.
That is a beautiful way to put it.