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ChristianKl comments on Simultaneous Overconfidence and Underconfidence - Less Wrong

20 Post author: abramdemski 03 June 2015 09:04PM

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Comment author: ChristianKl 04 June 2015 11:02:08AM 2 points [-]

No, the term cognitive bias suggests that someone is picking actions that are not correct according to his utility function. If a person is corrupt and acts in his interests that's no cognitive bias in the sense I understand the term to be used in psychology.

Comment author: abramdemski 04 June 2015 08:02:51PM 1 point [-]

I agree, it's essentially different. It has to do with misaligned goals (AKA perverse incentives), similar to the principle-agent problem and the concept of lost purposes. This is all related to the tails-come-apart phenomenon as well, in that tails-come-apart is like a statistical version of the statement "you cannot serve two masters".