GEOLOGY 002 Lecture Notes - Lecture 12: Reinforcement, Daniel Kahneman, Decision-Making
Document Summary
Availability heuristics: events that are more easily remembered are judged as being more likely then other events(e. g. how oft event happen asthma vs. Tornado cause of death more often) can mislead us to the wrong conclusion = in this case it is asthma (kahneman) Satisficing: decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal. (cognitive heuristic) -> most of the time not the optimal solution but less time and energy used. Illusory correlations: we think a correlation between two things exist but it is way weaker or even non-existing(may take the form of a stereotype) Conjuction rule: probability of a conjunction of two events (a and b) cannot be higher than the probability of the single constituents (a alone or b alone) (kahneman) Law of large/small numbers: characteristics of a sample population can be.
