We don’t have a hundred biases, we have the wrong model - Works in Progress
Behavioral economics has identified dozens of cognitive biases that stop us from acting 'rationally'. But instead of building up a messier and messier picture of human behavior, we need a new model.
From the time of Aristotle through to the 1500s, the dominant model of the universe had the sun, planets, and stars orbiting around the Earth. This simple model, however, did not match what could be seen in the skies. Venus appears in the evening or morning. It never crosses the night sky as we would expect if it were orbiting the Earth. Jupiter moves across the night sky but will abruptly turn around and go back the other way. The Works in Progress Newsletter Get new articles from Works in Progress delivered to your inbox. Sign up To deal with these ‘anomalies’, Greek astronomers developed a
Explore this link on the map →related reading
- Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained)fs.blog
- A Crash Course in the Neuroscience of Human Motivation — LessWronglesswrong.com
- Biases: An Introductionreadthesequences.com
- The Shard Theory of Human Valuesturntrout.com
- Psychology of Human Misjudgment (Transcript) by Charlie Mungerfs.blog
- Bounded rationality - Wikipediaen.wikipedia.org
- Humans are not automatically strategic — LessWronglesswrong.com
- Always Start with a Modelcapitalgains.thediff.co
- The shard theory of human values — LessWronglesswrong.com
- List of cognitive biases - Wikipediaen.wikipedia.org
- Models Don't "Get Reward" — LessWronglesswrong.com
- [2208.10687] The Effect of Modeling Human Rationality Level on Learning Rewards from Multiple Feedback Typesar5iv.labs.arxiv.org