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Daniel Kahneman on Cutting Through the Noise

Conversations with Tyler

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Wisdom of Crowds

Do you think of low intelligence as yet a third, independent source of error? Or is that somehow sumed in bias and noise? You mean, plain stupidity? In some cases it would really be necessarily the same as either bias or noise. And it's not exactly bias, and its not necessarily, it would contribute more to noise than to bias. When people collect too little information or are swayed by the first thing that comes to mind, you get noise rather than bias.

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