Maybe someone broke into my office and when I get there on Monday I won't be able to work. This is unlikely, but I could look up the robbery statistics for Cambridge and see that this does happen. Mathematically, I should be considering this in making plans for tomorrow, but practically it's a waste of time thinking about it.
I think about such things every time I lock a door. Or at least, I lock doors because I have thought about such things, even if they're not at the forefront of my mind when I do them. Do you not lock yours? Do you have an off-site backup for your data? Insurance against the place burning down?
Having taken such precautions as you think useful, thinking further about it is, to use Eliezer's useful concept, wasted motion. It is a thought that, predictably at the time you think it, will as events transpire turn out to not have contributed in any useful way. You will go to work anyway, and see then whether thieves have been in the night.
Tiny probabilities do not, in general, map to tiny changes in actions. Decisions are typically discontinuous functions of the probabilities.
I always lock doors without thinking, because the cost of thinking about whether it's worth my time is higher than the cost of locking the door.
David Chapman criticizes "pop Bayesianism" as just common-sense rationality dressed up as intimidating math[1]:
What does Bayes's formula have to teach us about how to do epistemology, beyond obvious things like "never be absolutely certain; update your credences when you see new evidence"?
I list below some of the specific things that I learned from Bayesianism. Some of these are examples of mistakes I'd made that Bayesianism corrected. Others are things that I just hadn't thought about explicitly before encountering Bayesianism, but which now seem important to me.
I'm interested in hearing what other people here would put on their own lists of things Bayesianism taught them. (Different people would make different lists, depending on how they had already thought about epistemology when they first encountered "pop Bayesianism".)
I'm interested especially in those lessons that you think followed more-or-less directly from taking Bayesianism seriously as a normative epistemology (plus maybe the idea of making decisions based on expected utility). The LW memeplex contains many other valuable lessons (e.g., avoid the mind-projection fallacy, be mindful of inferential gaps, the MW interpretation of QM has a lot going for it, decision theory should take into account "logical causation", etc.). However, these seem further afield or more speculative than what I think of as "bare-bones Bayesianism".
So, without further ado, here are some things that Bayesianism taught me.
What items would you put on your list?
ETA: ChrisHallquist's post Bayesianism for Humans lists other "directly applicable corollaries to Bayesianism".
[1] See also Yvain's reaction to David Chapman's criticisms.
[2] ETA: My wording here is potentially misleading. See this comment thread.