New paper with Katerina Voudouri and Michal Bialek showing that when people face risky decisions, they can intuitively determine which choices have better expected value and avoid loss aversion without careful deliberation. www.sciencedirect.com/science/arti...

Fast & slow decisions under risk: Intuition rather than deliberation drives advantageous choices

Would you take a gamble with a 10% chance to gain $100 and a 90% chance to lose $10? Even though this gamble has a positive expected value, most peopl…

Findings fit well with the pattern we're seeing in logical reasoning tasks. Gives some further credence to the idea of a "smart system 1" imo