The components of Noise

«Dollars and Anchors»

anchoring effect

«You may believe that you are subtler, more insightful, and more nuanced than the linear caricature of your thinking. But

«People who are in a good mood are more likely to let their biases affect their thinking.»

«(…) if you can get independent opinions from others, do it – this real wisdom of crowds is highly likely

«System noise is inconsistency, and inconsistency damages the credibility of the system.»

The illusion of agreement

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