BCS 111 Lecture Notes - Lecture 20: Daniel Kahneman, Fallacy, Depth Perception
17 Jul 2018
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Tversky & kahneman (1974) - heuristics and biases. Two mental systems and how they allows us to reason. You have 100 pounds of jell-o which is 99% water by weight. You let it dehydrate until it"s 98% water. Human reasoning is not always great relates this motivation for his work - 2011. Believed that this was a fallacy, paper from economist bruno frey. The agent of economic theory is rational selfish and his tastes do not change. What would you prefer to do when given options, might not have logical response. How things ought to go, vs how things actually go. Normative vs. descriptive one is logical, and one is more intuitive reasoning. How might our behavior differ from what is most optimal, logical (normative) Some people claim that humans have the best possible mind - that we should always act rationally. Human mind will act rationally under any circumstances.
