I’m more used to it as a psychology (or behavior econ) term for a specific, psychologically realistic, form of bounded rationality. In particular, I’m used to it being negative! (that is, a heuristic which often degenerates produces a bias)
I’m more used to it as a psychology (or behavior econ) term for a specific, psychologically realistic, form of bounded rationality. In particular, I’m used to it being negative! (that is, a heuristic which often degenerates produces a bias)