CAS PS 101 Lecture Notes - Lecture 13: Daniel Kahneman, Deductive Reasoning, Loss Aversion

• School: Boston University
• Department: Psychological & Brain Sciences
• Course: CAS PS 101
• Professor: Natalie Emmons

Document Summary

A multiple of factors affect our reasoning and decision making. Dread risks can result when events with dire consequences receive a lot of publicity, even when the publicized events have a low probability of recurring. The resulting fears can profoundly affect reasoning and decision making. Ex: 9/11 caused many more people to fear flying even though the number of people who die in car accidents every year far exceeds the number who die in airline disasters or hijackings. The field of cognitive psychology is the study of thought. it was originally based on two ideas: 2. the brain represents information thinking is the mental manipulation of these representations. Our thoughts consist of mental representations of the objects and information that we encounter in our environments. Cognition includes thinking and the understandings that result from thinking. Analogical representations: mental representations that have some of the physical characteristics of objects.