News for hackers. Stuff that matters.
Re:Some advice from Jeff Bezos by tsotha on Friday October 19, 2012 @06:54PM (#4675719)
>When I was younger, I didn't know what confirmation bias was. I had to be introduced to the concept. After being introduced, I was able to make better decisions.

Hah! You only think that because you're not counting the bad decisions.

>Decision making biases of various sorts are my chief pet peeve in modern life. It's almost impossible to discuss public policy with people, even in the smartest online forums I know. I think it's banned at Less Wrong. When I listen to the media, I spend most of my time ticking of the biases I hear.

But biases are like stereotypes in that they're shortcuts your mind has developed based on past experience. That's what people used to call "wisdom".

Re:Some advice from Jeff Bezos by 001sky on Saturday October 20, 2012 @02:50AM (#4676537)
Not to be snarky or pedantic, but you're describing a Heuristic, not a bias. On the other hand, Wisdom is in large part knowing what not to do as a starting point. It may be wrong, which would be in error, but a true bias probably not.

___________

http://en.wikipedia.org/wiki/Heuristic http://en.wikipedia.org/wiki/Statistical_bias Sherlock holmes: eliminate the impossible, and what is left, however improbable is the truth. &tc.

Re:Some advice from Jeff Bezos by robertskmiles on Saturday October 20, 2012 @10:05AM (#4677085)
You're right about heuristics, but the relevant wiki page for bias is really "Cognitive Bias"[1] rather than "Statistical Bias".

Also Holmes is not a good example of a rationalist; his main ability comes from being a fictional protagonist. Holmes cannot be a much better source of rationality advice than Conan Doyle, who quite literally believed in fairies.

[1]: http://en.wikipedia.org/wiki/Cognitive_Bias

Re:Some advice from Jeff Bezos by 001sky on Saturday October 20, 2012 @11:43AM (#4677321)
This is actually a very good comment. Some of these ideas are nested, logically. A Heuristic is not per-se biased, although a subset of heuristics is in fact associated with the origin of the term 'cognitive bias'. Viz,

Although much of the work of discovering heuristics in human decision-makers was done by Amos Tversky and Daniel Kahneman,[4] the concept was originally introduced by Nobel laureate Herbert A. Simon. Gerd Gigerenzer focuses on how heuristics can be used to make judgments that are in principle accurate, rather than producing cognitive biases