“Small Worlds” Statistics, “Large World” Heuristics

Feb 26, 2022

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This weekly subscriber post goes to the next level of detail about the “Fiercening of Individual Competition” described in a free sign-up post available at the link below:

CTRI by Francois Gadenne

The Fiercening of Individual Competition

Following up from the previous post: How can we measure the fiercening of individual competition? Answering the question requires finding a common scale to measure both the impact of individual decision-making, and the nature of an individual’s task environment…

3 years ago · 1 like · FG

Gerg Gigerenzer uses “The Foundations of Statistics” to introduce Jimmie Savage’s “Small Worlds” as:

- “… simple and well-defined microcosms in which all relevant alternatives, …

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