To deal with any situation we rely heavily on models that have been built based on previous experiences (irrespective of how similar or different the current situation is from the previous one). These models or mental shortcuts are commonly known as heuristics. With that realisation, it seems obvious that one must pay adequate attention to these models and do what one can to improve them.
Published by Akshat Rathi
Akshat Rathi is a senior reporter for Bloomberg News. He has previously worked at Quartz, The Economist and The Conversation. His writing has appeared in Nature, The Guardian and The Hindu. He has a PhD in chemistry from Oxford University and a BTech in chemical engineering from the Institute of Chemical Technology, Mumbai. View all posts by Akshat Rathi