Judgment under Uncertainty Morvan Camille
Amos Tversky and Daniel Kahneman's 1974 paper 'Judgement Under Uncertainty: Heuristics and Biases' is a landmark in the history of psychology. Based on experiments carried out with volunteers, Tversky and Kahneman discovered that humans make predictable errors of j… Celý popis ↓
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Judgment under Uncertainty Morvan Camille
Amos Tversky and Daniel Kahneman's 1974 paper 'Judgement Under Uncertainty: Heuristics and Biases' is a landmark in the history of psychology. Based on experiments carried out with volunteers, Tversky and Kahneman discovered that humans make predictable errors of judgement when forced to deal with ambiguous evidence or make challenging decisions. Though a mere seven pages long, it has helped reshape the study of human rationality, and had a particular impact on economics - where Tversky and Kahneman's work helped shape the entirely new sub discipline of 'behavioral economics.'The paper investigates human decision-making, specifically what human brains tend to do when we are forced to deal with uncertainty or complexity.
These errors stem from 'heuristics' and 'biases' - mental shortcuts and assumptions that allow us to make swift, automatic decisions, often usefully
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