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Daniel Kahneman on Cutting Through the Noise

Conversations with Tyler

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Is There a Difference Between Bias and Noise?

Bias and noise are independent sources of error, so that roducing either of them reduce improves overall accuracy. But one thing is very certain, that bias has been overestimated at the expense of noise. And you find variability cross individuals, which is not supposed to exist. You find variability within individual ependy morning afternoon, hot, cold, ian.

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