The System 1 phenomenon of WYSIATI
might play a role in the evaluation of discounted cash flow models by market participants and appraisers.
WYSIATI means that you don't allow for what you don't know.
GMJ: Can you give me an example of how WYSIATI works in practice?
WYSIATI is fast thinking, and in the world of cybersecurity, this fast thinking can result in having faith in actions that do little to improve cybersecurity.
WYSIATI and Cognitive Ease are truly super villains.
For example, the author talks about WYSIATI (what you see is all there is), a term he uses to explain how we generally make sense of the world--often with success but sometimes to our detriment.
WYSIATI helps us to quickly size up new situations and make correct snap judgments based on reality.