The Laughing Man

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There is a more rational way to reconcile our ignorance with our desires: the tool of reason called Signal Detection Theory or statistical decision theory. It combines the big ideas of the two preceding chapters: estimating the probability that something is true of the world (Bayesian reasoning) and deciding what to do about it by weighing its expected costs and benefits (rational choice).2
Rationality: What It Is, Why It Seems Scarce, Why It Matters
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