Tag: Heuristics
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Episode 9: What Are Heuristics?
I have a confession to make. It took me years to understand the concept of heuristics. I don’t know why. I mean, I’m a smart guy, who obviously understands this economic mumbo-jumbo far better than the ordinary person. And heuristics is/are one of the foundational ideas of behavioral economics. Maybe it’s the name. Too Greek?…
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Heuristics: The Unsung Heroes Of How People Think
We talk a lot about “cognitive biases” — the tendencies we have to think and act in ways that are not always logical, and not always accurate, but we forget that many of these brain shortcuts are very adaptive and very successful. In this podcast episode we dive into the positive side — Heuristics. What…
