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Heuristics and Biases

Heuristics and Biases

Heuristics and Biases. Behavioral and Experimental Economics. Making Decisions under Uncertainty. Many decisions are based on beliefs concerning the likelihood of uncertain events … Who will win the election? How will a $ trade for a € tomorrow? Is the defendant guilty?

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1.38k views • 92 slides
The Psychology of Judgment and Decision Making

The Psychology of Judgment and Decision Making

The Psychology of Judgment and Decision Making. Part 1: Heuristics and Biases How they affect people’s judgments and decisions How they affect researchers How they affect MIS. Definition: Heuristic and Bias.

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1.35k views • 83 slides
Review of Homework Worksheet

Review of Homework Worksheet

Review of Homework Worksheet. Please click in. Set your clicker to channel 41. My last name starts with a letter somewhere between A. A – D B. E – L C. M – R D. S – Z .

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761 views • 58 slides
Outline Decisions The representativeness heuristic The availability heuristic

Outline Decisions The representativeness heuristic The availability heuristic

9/11/2014. Outline Decisions The representativeness heuristic The availability heuristic Anchoring and adjustment The simulation heuristic Undoing and hindsight biases Limited domain knowledge Processing resources The Framing Effect Limitations in reasoning Naïve Physics

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614 views • 30 slides
Heuristics and Biases

Heuristics and Biases

Heuristics and Biases. Normative Model. Bayes rule tells you how you should reason with probabilities – it is a normative model But do people reason like Bayes?. Prior probability. Posterior Probability. Evidence. Tversky & Kahneman.

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742 views • 18 slides
Language and Thought

Language and Thought

Chapter 8. Language and Thought. Can Animals Develop Language?. Dolphins, sea lions, parrots, chimpanzees Vocal apparatus issue American Sign Language Allen and Beatrice Gardner (1969) Chimpanzee - Washoe 160 word vocabulary Sue Savage-Rumbaugh Bonobo chimpanzee - Kanzi Symbols

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386 views • 17 slides
Thinking

Thinking

Thinking. Our concept of men may include all of the following guys…. What is thought?. There are basically two types of thought… Concepts (schemas)…usually based on prototypes . Images. But they are based on our prototype (ideal) male…. Problem Solving. Algorithms.

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152 views • 14 slides

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