Operating Principle
2–4 min read
Good decisions start with the base rate, then adjust for the particular case.
Operating Question
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Why It Matters
Good decisions start with the base rate, then adjust for the particular case.
Supporting Evidence
Kahneman and Tversky on base-rate neglect; Nisbett and Ross, “Human Inference”.
Research Notes
Treat this as a disciplined decision heuristic and account for relevant context and limits.
Practical Actions
State the base rate; treat the story as an adjustment; ask what justifies a large adjustment.