Zvi comments on Biases of Intuitive and Logical Thinkers - Less Wrong
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Firstly, this post is awesome.
Secondly though, this post brushes on the topic of intuition as a useful tool, something I think far too many Logic-Based types throw out without considering the practicality of. It's better not to think of it as being an substitute for logical thinking, but rather as a quick and dirty backup, for when you don't have all the information.
Intuition can occur in up to two seconds, operates almost completely below conscious awareness, and begins effecting your body immediately. Here are some excerpts from Blink, a book by Malcolm Gladwell, in which he researches how intuition works, what abilities and drawbacks it has, and what biases can effect it's overall usefulness.
Ah, a perfect opportunity to be a Logical Thinker, using careful observation and reasoning to find the ideal pattern. What path does intuition take though?
This is all standard enough, but what is more impressive is the fact that people started generating stress responses to the red decks by the tenth card.
That's right, palms began to sweat in reaction to the red decks almost immediately, naturally pushing people towards the blue decks before they could even understand why, or even recognize what they were doing.
There are better examples of applied Intuition in Blink, but I've purposefully only used one of the earlier examples in the Amazon Sampler to respect the book. I'd recommend reading the whole thing though, especially if you're interested in understanding what it does while you're thinking things through.
The problem with the stress response is that it's likely based only on the potential for loss rather than any real intuitive calculation. Suppose blue was (+10 / -5) at 50% each, and red was (+300 / -250 ) with 50% each. Red is right but I would very much expect a stress reaction on red from ordinary people, more so for cards with a wider variety of possible outcomes!