Speaking of gut instincts, cognitive psychology looks A LOT into what forms gut instincts take shape and fool us into bad answers or bad lines of reasoning. They’d call them cognitive biases. When building models, how do you ensure that there is as little of these biases in the model? To add to that, does some of the uncertainty you mentioned in other answers come from these biases, or are they purely statistical?
Speaking of gut instincts, cognitive psychology looks A LOT into what forms gut instincts take shape and fool us into bad answers or bad lines of reasoning. They’d call them cognitive biases. When building models, how do you ensure that there is as little of these biases in the model? To add to that, does some of the uncertainty you mentioned in other answers come from these biases, or are they purely statistical?