2min chapter

Clearer Thinking with Spencer Greenberg cover image

Rationality and Cognitive Science (with Anna Riedl)

Clearer Thinking with Spencer Greenberg

CHAPTER

The Cost of Fast Decisions

In the real world, computation also has a cost and you also have opportunity costs in the real world while making the decision. Then often a very fast decision is already foundly optimal. So I think they even make examples of investing where some strategies can outperform easier strategies in specific circumstances. But overall, often simpler solutions are on average outperforming the more complex ones because they're more robust to the uncertainty in the environment.

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