6min chapter

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Rational Minds Part 5: Heuristics Make Us Smart - Gerd Gigerenzer

The Joe Walker Podcast

CHAPTER

The Importance of Educating People

Gagirrenza: The sources of irrationality have little to do with consistency on country. Heuristics are, as you said, are a tool to deal with uncertainty. But I'm not of the opinion that heuristics are always good. This is why we study ecological rationality - does it work or when does it not work? And one has to realize that Bayesian models are sometimes good and sometimes bad.

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