3 ms·

Asked and answered decades ago[0,1]. [0]: https://people.hss.caltech.edu/~camerer/Ec101/JudgementUncertainty.pdf https://people.hss.caltech.edu/~camerer/Ec101/

Asked and answered decades ago[0,1]. [0]: https://people.hss.caltech.edu/~camerer/Ec101/JudgementUncertainty.pdf https://people.hss.caltech.edu/~camerer/Ec101/JudgementUncer... [1]: http://www.math.mcgill.ca/vetta/CS764.dir/bounded.pdf http://www.math.mcgill.ca/vetta/CS764.dir/bounded.pdf

tlb 10y ago
These address the question of whether we are inaccurate. The paper behind the article (http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0026770 http://journals.plos.org/plosone/article?id=10.1371/journal....) addresses the question of why: because evolution favors under-fitting in a world with punctuated equilibria.
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