#DecisionMmaking

There are many existing #beliefs #Biases. A #mind trap our #brain may play when new information contradicts old thinking that can affect #DecisionmMaking. Here are several.

cognitive dissonance

conservatism #bias

confirmation

representative

illusion of control

hindsight

#Houston #Texas #Biz

The Benefits and Dangers of Decision-making by Algorithm - Conversable Economist It's crystal-clear that decision-making by algorithm can be imperfect. It's also crystal-clear that decision-making by humans can be pretty imperfect, too. However, the imperfections across these two types of decisions are probably not the same. How and when should society make use of decision-making by algorthm? Cass R. Sunstein provides a thoughtful overview in "The

📉📈 The Benefits and Dangers of #DecisionMmaking by Algorithm conversableeconomist.com/2025/03/27/the-benefits-...

"Even if the #algorithm does a better job than most humans, some humans will do better than the algorithm.

The gain from using 1/3

Original post on fediscience.org

The Benefits and Dangers of #DecisionMmaking by Algorithm conversableeconomist.com/2025/03/27/the-benefits-...
"Even if the #algorithm does a better job than most humans, some humans will do better than the algorithm.
The gain from using […]