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We rely on mental shortcuts to simplify complex decisions from "summary" of Predictably Rational? by Richard B. McKenzie
As human beings, we often find ourselves faced with complex decisions that require careful consideration and analysis. However, our brains are wired to seek out shortcuts to simplify this process. These mental shortcuts, also known as heuristics, allow us to make quick judgments and decisions without expending too much mental energy. One common mental shortcut that we rely on is the availability heuristic. This heuristic involves making decisions based on information that is easily accessible in our minds. For example, if we recently heard about a plane crash on the news, we may be more likely to believe that flying is a dangerous mode of transportation, even though statistically speaking, it is much safer than driving. Anothe...
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