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Gerd Gigerenzer on How to Stay Smart in a Smart World
EconTalk
The Power of Simple Heuristics in Uncertain Environments
This chapter examines the challenges of using big data for predicting outcomes in unstable environments, advocating for simpler heuristics in decision-making. Through the lens of a prominent economist's investment approach, it underscores the importance of practical strategies over purely data-driven insights.
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