I’d say there’s a strong tendency to over-update just because of recency bias.
Ah, I see. But to what extent is recency bias irrational vs just a good prior for the world we live in?
I’d say there’s a strong tendency to over-update just because of recency bias.
Ah, I see. But to what extent is recency bias irrational vs just a good prior for the world we live in?