Heuristics and Biases: The Psychology of Intuitive Judgment

Heuristics and Biases The Psychology of Intuitive Judgment Judgment pervades human experience Do I have a strong enough case to go to trial Will the Fed change interest rates Can I trust this person This book examines how people answer such questions How do p

Heuristics and Biases The Psychology of Heuristics and Biases The Psychology of Intuitive Judgment offers a massive, state of the art treatment of the literature, supplementing a similar book published two decades agoThis is an impressive book, full of implications for law and policy. Heuristic Overview Heuristics are the strategies derived from previous experiences with similar problems These strategies rely on using readily accessible, though loosely applicable, information to control problem solving in human beings, machines, and abstract issues. The most fundamental heuristic is trial and error, which can be used in everything from matching nuts and bolts to finding the values List of cognitive biases Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, and are often studied in psychology and behavioral economics. Although the reality of these biases is confirmed by replicable research citation needed , there are often controversies about how to classify these biases or how to explain them Some are effects of information processing rules i.e Judgment Under Uncertainty Heuristics and The thirty five chapters in this book describe various judgmental heuristics and the biases they produce, not only in laboratory experiments but in important social, medical, and political situations as well. JSTOR Title Judgment under Uncertainty Heuristics and Biases Created Date Z Cognitive Biases That Affect Your Decisions Mental Floss Test your knowledge with amazing and interesting facts, trivia, quizzes, and brain teaser games on MentalFloss. Thinking Fast and Slow Book Summary Words in, words out Thinking Fast and Slow by Daniel Kahneman Summarized by Erik Johnson Because things that are familiar seem true teachers, advertisers, marketers, Decision Making Factors that Influence Decision Making Decision Making Heuristics Heuristics are general decision making strategies people use that are based on little information, yet very often correct heuristics are mental short cuts that reduce the cognitive burden associated with decision making Shah Oppenheimer, . Decision Making Factors that Influence Decision Making Every day, people are inundated with decisions, big and small Understanding how people arrive at their choices is an area of cognitive psychology that has received attention Theories have been generated to explain how people make decisions, and what types of factors influence decision making in Availability A heuristic for judging frequency and This paper explores a judgmental heuristic in which a person evaluates the frequency of classes or the probability of events by availability, i.e by the ease with which relevant instances come to mind.

  • Title: Heuristics and Biases: The Psychology of Intuitive Judgment
  • Author: Thomas Gilovich Daniel Kahneman Dale W. Griffin
  • ISBN: 9780521796798
  • Page: 476
  • Format: Paperback
  • Judgment pervades human experience Do I have a strong enough case to go to trial Will the Fed change interest rates Can I trust this person This book examines how people answer such questions How do people cope with the complexities of the world economy, the uncertain behavior of friends and adversaries, or their own changing tastes and personalities When are people Judgment pervades human experience Do I have a strong enough case to go to trial Will the Fed change interest rates Can I trust this person This book examines how people answer such questions How do people cope with the complexities of the world economy, the uncertain behavior of friends and adversaries, or their own changing tastes and personalities When are people s judgments prone to bias, and what is responsible for their biases This book compiles psychologists best attempts to answer these important questions.

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    1. In 1982, Daniel Kahneman and Amos Tversky edited a volume, "Judgment under Uncertainty." This served as a culmination of their and others' research, bringing together in one volume a large number of reports on how humans make decisions under conditions of uncertainty. In short, they contended that under such conditions, people tend to use heuristics or decision-making shortcuts. This can lead to suboptimal decision-making. Since, much research has built upon the earlier works. Indeed, there are [...]

    2. No, I did not read this cover to cover. This was a birthday gift from my Mom, who declared it her favorite Booth School textbook. Every Winter or Summer break between semesters at UW-Madison I would attempt another go at this one, noticing with each try how far I could go as new additions to my liberal arts curriculum enabled me to better decipher the dense professorial jargon.After spending my senior year researching and writing a thesis about the behavioral psychology motivating voter choice, [...]

    3. This book is targeted at decision scientists, and therefore is not terribly accessible to people who aren't fairly advanced in the study of empirical psychology or behavioral economics. However, for folks who are interested in the topic, this is the premier book for understanding the heuristics and biases approach to decision making. It is a collection of some of the most influential articles in the field. Students of social or cognitive psychology who are interested in judgment and decision mak [...]

    4. Loved it. Probably not a book for everyone but if you have any interest in or want a basic understanding of biases, this book might be for you! I found a few parts that seem just too basic, too general or too unspecific. Other than those few parts the book is very interesting. It is a really good read.

    5. Awesome literature review about various cognitive biases. High information density. You can definitely get the "bottom line" presentation of this sort of thing from other books (like "Nudge" by Thayler (sp?) and Sunstein) but if you're interested in the experimental basis behind the conclusions, this is the book for you.

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