Reflecting on Heuristics
Steve Shu Consulting
MAY 18, 2017
For example, when catching a fly baseball, sometimes people use a gaze heuristic to keep the ball at roughly the same inbound angle by adjusting their position and moving forward or backward. For example, people often talk about a 4% drawdown rule/heuristic for using your wealth at retirement (e.g., What follows are my thoughts.
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