Quote Originally Posted by sauce123 View Post
In poker, doing an operation like estimating variance is very vulnerable to these heuristics and biases. Despite consciously trying to accurately estimate your variance and the accompanying BR management strategy you will almost invariably be too conservative or too aggressive based on recent history and other date which you are hardwired to overvalue in your calculations.
The same thing can easily happen in play, where recent results bias the quick range estimations you have to constantly make. I find that's especially true of newer players that start multi-tabling on auto-pilot.