Chance is commonly viewed as a self-correcting process in which a deviation in one direction induces a deviation in the opposite direction to restore the equilibrium. In fact, deviations are not "corrected" as a chance process unfolds, they are merely diluted.
Amos TverskyTag: judgment chance uncertainty biases heuristics
Nothing in life is as important as you think it is when you are thinking about it.
Daniel KahnemanTag: thinking priorities importance focus biases heuristics focusing-illusion
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