Is this paper formally modeling human (ir)rational decision making worth understanding?
I've found that I learn new topics best by struggling to understand a jargoney paper. This passed through my inbox today and on the surface it appears to hit a lot of high notes. Since I'm not an expert, I have no idea if this has any depth to it....
Ah! That sounds like a great one!
So, folks like Chris Ferguson are presumably doing both activities (judging how much evidence as well as accurately translating brain estimates to numerical estimates).
But if I go find a consistently successful poker player who does not translate brain estimates to numerical estimates, then I could see how that person does on calibration exercises. That sounds like a fun experiment. Now I just need to get the grant money ...
Sidenote, but how would I narrow down to the successful poker players who don't translate brain estimates to numerical estimates? I mean, I could always ask them up front, but how would I interpret an answer like "I don't really use numbers all that much. I just go by feel." Is that a brain that's translating brain-based estimates to numerical estimates, then throwing away the numbers because of childhood mathematical scarring? Or is that a brain that's doing something totally outside translating brain-based estimates to numerical estimates?