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Balancing Belief Updates: Excesses and Pitfalls
The chapter examines the risks of updating beliefs excessively, touching on scenarios like overconfidence from nutrition fads and trauma-induced fear distorting risk perception. It distinguishes between over updating in positive and negative evidence, offering a rule of thumb for gauging belief updates. The conversation also tackles the balance between logical arguments and empirical evidence in forming beliefs, emphasizing the importance of assessing assumptions and being mindful of hidden biases.