This is like the turkey on the day before Thanksgiving. "They fed me today. They fed me yesterday. They fed me the day before that. Of course they're going to feed me tomorrow!" Except they aren't.
So, yeah. Our heuristics fail on black swan events. There needs to be a balance between "trust your heuristics" and "watch out for black swans".
So, yeah. Our heuristics fail on black swan events. There needs to be a balance between "trust your heuristics" and "watch out for black swans".