A heuristic

I do think that heuristics are best learned from one’s mistakes, especially in complicated areas of human activity like business that involve radical uncertainty.

Which in turn explains why apprenticeships are more useful than degrees in training people in these areas. So, no, we don’t need MBA’s for startup executives.

Now I have to ponder why heuristics are best learned from mistakes. I think mistakes and the associated pain hard-wires into us an inability to override the heuristics.

Which is another way of saying that it’s very common to use rational thinking to override heuristics. That’s because humans underestimate the reach of radical uncertainty.