System 1 (intuition; unconscious and uncontrolled) and System 2 (calculation; conscious and deliberate)
Norms, surprises and causes
Attention and effort / **The lazy controller — system 2 is lazy, requires self-control. (See the law of least effort and Ego depletion)
Associative Machine — system 1: our unconscious is primed to associate a lot of things. System 1 = an associative machine that represents reality by a complex pattern of links. (Representing only activated ideas, cannot allow for information it does not have →W YSIATI)
Cognitive Ease — The illusion of familiarity
Taking sides: people who see one-sided evidence are more confident of their judgements than those who saw both sides. Which is expected, when the confidence people experience is determined by coherence of the story they constructed from available information. In other words, knowing little makes it easier to fit everything you know into a coherent pattern.
The Affect heuristic: e.g. "He likes the project; so he thinks its costs are low and its benefits high."
The Law of Small Numbers: extreme outcomes (high and low) are more likely to be found in small than in large samples. This explanation is not causal, the small samples merely allow for the extreme outcomes to be much higher or lower than in larger sample.
See “Availability cascade”
Truth: How do you know that a statement is true?
If [a statement] is strongly linked by logic or association to other beliefs or preferences you hold, or comes from a source you trust and like, you will feel a sense of cognitive ease. The trouble is that there may be other causes for your feeling of ease — including the quality of the font and the appealing rhythm of the prose — and you have no simple way of tracing your feelings to their source.
Creativity defined?
Psychologist by the name of Sarnoff Mednick in 1960 thought he identified the essence of creativity. His idea was simple and powerful:
"Creativity is associative memory that works exceptionally well."
— Sarnoff Mednick
The danger of assuming causality
People are prone to apply causal thinking inappropriately, to situations that require statistical reasoning.
Unfortunately, System 1 does not have the capability for this mode of reasoning; System 2 can learn to think statistically, but few people receive the necessary training.
My note: The phrase in statistics which describes this is "correlation does not imply causation"
Wisdom of the crowd?
The magic of error reduction works well only when the observations are independent and their errors uncorrelated. If the observers share a bias, the aggregation of their judgement will not reduce it. Allowing the observers to influence each other effectively reduces the size of the sample, and with it the precision of the group estimate.
Biases and heuristics simplifies our lives by creating a world that is much tidier than reality.