Heuristic Caused Quote by Daniel Kahneman
““The reliance on the heuristic caused predictable biases (systematic errors) in their predictions.””
About This Quote
Source Book: Thinking, Fast and Slow, Daniel Kahneman, 2011
Relying on mental shortcuts leads to systematic prediction errors.
In simple terms: Heuristics cause predictable mistakes
Beware of shortcuts in decision making
Themes
Mood
Type
When to use this quote
- finance
- medicine
- policy analysis
- daily choices
Key Concepts
Questions to Reflect On
- When might a heuristic be appropriate?
- How can we mitigate bias?
Heuristics can be useful when calibrated