Heuristics (Video): Rules of Thumb Explained - Episode 151
b'We all take shortcuts when we are making decisions.\\xa0 And in those shortcuts often lie our mistakes.\\xa0 In this episode find out the difference between the availability and representativeness heuristics, as well as the "Take the Best", Hindsight, and the Base Rate Neglect (Fallacy) heuristics.\\xa0 Lots of examples of these heuristics at work are included.\\xa0 Let\'s face it - we all have lazy minds!\\xa0 Either that or we\'re all too busy to try to weed through complicated statistics and probabilities.\\xa0 Heuristics help us make decisions fast.\\xa0 But are they the right ones?'