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Heuristic Caused Quote by Daniel Kahneman

“The reliance on the heuristic caused predictable biases (systematic errors) in their predictions.” quote by Daniel Kahneman
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““The reliance on the heuristic caused predictable biases (systematic errors) in their predictions.””

Daniel Kahneman

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

Key Takeaway

Beware of shortcuts in decision making

Themes

cognition bias decision making

Mood

analytical cautious

Type

psychological practical

When to use this quote

  • finance
  • medicine
  • policy analysis
  • daily choices

Key Concepts

heuristic bias systematic error

Questions to Reflect On

  • When might a heuristic be appropriate?
  • How can we mitigate bias?
A Different Perspective

Heuristics can be useful when calibrated

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