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Our past experiences shape our present decisionmaking from "summary" of Predictably Rational? by Richard B. McKenzie
Our decisions are shaped by our past experiences. This is because our brains learn from the outcomes of our previous decisions and use that information to guide us in making choices in the present. When we encounter a similar situation, our brain retrieves the memory of what happened last time and uses that as a reference point for making a decision. This process is known as "decision-making heuristics," which are mental shortcuts that our brains use to simplify the decision-making process. These heuristics are based on our past experiences and are designed to help us make quick decisions without having to carefully weigh all the information available to us. For example, if we have had a bad experience with a certain type of food in the past, our brain may automatically steer us away from that food in the future, even if we don't consciously remember the specific incident. This is because our brain has...
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