[M.D. Holloway]

Great post! Actually, the items you list are not flaws, let me explain:

- See non existent patterns in noise or small data sets
Which allows us to see other patterns that do exist. If a flaw does exist it would be an initial filter which diminishes with reflection, communication, and application thus the birth of prediction, religion, science, and wisdom.

- Extrapolate past trends without basis
Which is an essential skill that allows for wisdom to occur. The flaw would be the confusion between coincidence, correlation, and cause and effect.

- Are over confident in our own abilities
Yet imagine the antithesis? If we lacked confidence there would be no progress.

- Have confirmation bias
Yes but that is what is so important during fact check and rebuttal. Truth is born from bias because the status quo does get challenged.

- Generalize and stereotype
Yes and is so because they normally define the average and that helps with the general 'bet' of our predictions. Outliers exist allowing for progress when the behavior is defined and imitated if the behavior is beneficial.

- Jump to conclusions, make hasty decisions
Yes - see above

- Are prone to panicky adrenalin fueled actions
A true gift for self preservation

- Act on feeling rather than reason
While it is true our emotions can put us down a bad path, seems like it helps more then hurts provided we have developed a rational skill set that is not motivated by dangerous direction. Keep in mind, we only remember then failures of our judgments and often forget the success.