Cause we’re the party people night and day
The Devil looks you in the eyes and offers you a bet. Pick a number and if you successfully guess the total he’ll roll on two dice you get to keep your soul. If any other number comes up, you go to burn in eternal hellfire.
You call “7” and the Devil rolls the dice.
A two and a four, so the total is 6 — that’s bad news.
But let’s not dwell on the incandescent pain of your infinite and inescapable future, let’s think about your choice immediately before the dice were rolled.
Did you make a mistake? Was choosing “7” an error?
In one sense, obviously yes. You should have chosen 6.
But in another important sense you made the right choice. There are more combinations of dice outcomes that add to 7 than to any other number. The chances of winning if you bet 7 are higher than for any other single number.
The distinction is between a particular choice which happens to be wrong, and a choice strategy which is actually as good as you can do in the circumstances. If we replace the Devil’s Wager with the situations the world presents you, and your choice of number with your actions in response, then we have a handle on what psychologists mean when they talk about “cognitive error” or “bias”.