4min chapter

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

The Joe Walker Podcast

CHAPTER

The Evidence for Fast and Frugal Heuristics in the Real World

How strong is the evidence that people actually use fast and frugal heuristics when making decisions in the real world? We've run a number of experiments. And the evidence for a number of heuristics is quite strong. They make predictions while availability doesn't make any predictions, but it explains everything.

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