I don’t know if that’s usefully described as a “bias”, though, provided that the person understands the tradeoffs of what they’re doing. Properly used, heuristics (and other forms of estimation) lose precision, but not accuracy.
I don’t know if that’s usefully described as a “bias”, though, provided that the person understands the tradeoffs of what they’re doing. Properly used, heuristics (and other forms of estimation) lose precision, but not accuracy.