heuristic

The Merton share is just a heuristic, but the main point is that investors should have a simple, rules-based framework in mind when thinking about sizing.

It operates automatically and effortlessly through heuristic shortcuts.

When we rely on meritocracies — when we tell ourselves that we’re capable of judging merit "objectively," whatever that might mean — bias and heuristics inevitably come into play.

To use the editor, one uploads a dataset to Umwelt, which employs heuristics to automatically creates default representations in each modality.

"What's so cool about this is that it adjusts to each person's internal dynamics without any tuning or heuristic adjustments, which is a huge difference from a lot of work in the field," Young said.