'Thinking Fast and Slow' by Daniel Kahneman has an interesting bit on experience vs memory and how this affects our judgement. The two can differ quite a bit, based on the research presented in this book.
I'm very suspicious of treating the Kahneman system 1, system 2 as any more than a hypothesis since even he admits it's a model without any biological basis. What's worse is that most of the research he cites come from studies with almost no replication.
The hot-hand fallacy is perhaps my favorite example of experimentally debunked wisdom from that book.[0]
The hot-hand fallacy is perhaps my favorite example of experimentally debunked wisdom from that book.[0]
[0]: https://en.wikipedia.org/wiki/Hot-hand_fallacy#Recent_resear...