DSimon comments on Living bias, not thinking bias - Less Wrong

19 Post author: crazy88 23 September 2011 08:30AM

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Comment author: DSimon 25 September 2011 02:51:32PM *  1 point [-]

I don't know if that's usefully described as a "bias", though, provided that the person understands the tradeoffs of what they're doing. Properly used, heuristics (and other forms of estimation) lose precision, but not accuracy.