THE SERENGETI PLAIN: FALLACIES THAT AREN'T FALLACIES

Summary from the TLDR Product newsletter

This piece rejects the common narrative that dismisses human instincts, like loss aversion, and calls them "fallacies," arguing that these so-called fallacies often reflect practical wisdom rather than illogical behavior. It criticizes the overemphasis on maximizing "expected value" and other economic principles that fail to account for individual circumstances and the complexities of real-life decisions, suggesting that such logic often overlooks the importance of context and human experience.