The point-estimate fallacy seems under-discussed. Like most fallacies, point estimates are useful but dangerously oversimplified.
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It's automatic enough that I think it's worth thinking of it as a cognitive bias, even if it's a product of our education.
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@ProofOfLogic I think it's more easily explained using the System 1/System 2 - the intuitive shortcut is to substitute the point estimate.Thanks. Twitter will use this to make your timeline better. UndoUndo
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