This is a really clear way of stating such a complex topic. I just finished reading Kahneman and Tversky’s Judgment Under Uncertainty Bias and I can tell you it is not easy to sum up that information into such a concise sentence. I wonder if you would be willing to work with me (or let me propose a post to you) for a project I’m working on called the PerPost Project. It’s an effort to sum up complex but important works of research into easy to understand concepts. Let me know- thanks so much!