jimrandomh comments on Are Cognitive Biases Design Flaws? - Less Wrong Discussion
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No. This does not work on an individual level; nearly every human is dead, because of inability to invent medicine and cure aging. Nor does it seem to work on a species level; the wikipedia page for our genus names fifteen extinct species, some of which are believed to have been as or nearly as intelligent as we were.
Perhaps even smarter. Along certain metrics at least.