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Behavioural economics is just a list of biases

7 Sep 2022

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Behavioural economics is just a list of biases: an argument that behavioural economics has fallen into a trap of simply creating a taxonomy of biases rather than an applicable model for thinking about human behaviour

There is no theoretical framework to guide the selection of interventions, but rather a potpourri of empirical phenomena to pan through … The point of decision-making is not to minimize bias. It is to minimize error, of which bias is one component. In some environments, a biased decision-making tool will deliver the lowest error.

Edit: I now have lots of articles on this.

Anthologies: Betterment, Somatic Architecture, On Thinking and Reasoning, Bias vs Noise, Karstica

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