CGSC 1001 Lecture Notes - Lecture 18: Birkenstock, Herd Behavior, Risk Compensation
25 Jun 2020
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In the congo: contrast effect/ context effect. If men look at lots of pictures of beautiful women, they will rate their wife as less attractive: rating for their wife are lower for those who were shown to attractive women. Is this rational: doing something through omission is just as bad as doing something though action but this is not how people intuitively think, outcome bias. Judging a decision based on what ended up happening rather than on the information available at decision making time. If a test for a disease is 90% accurate, and someone gets a positive result, what is the probability that they have the disease: explaining bayesian probability with visualization 2:20, belief bias. If rain is wet then my roof is wet: my roof is wet, therefore, rain is wet. Is this argument valid: conjuction fallacy, what is more common, a person who wears birkenstocks or a hippie who wears.
