Kahneman and Tversky: How heuristics impact our judgment

A classic paper from Daniel Kahneman and Amos Tversky examines the role that heuristics play in our decisions, predictions, and assessments in situations characterized by uncertainty.
This video attempts to illustrate the ideas presented by Kahneman and Tversky in their 1974 paper, Judgment under Uncertainty, which was originally published in Science. The paper looks at three heuristics which are commonly employed: representativeness, availability, and anchoring.
The original paper can be found here: www.jstor.org/stable/1738360?
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Пікірлер: 40

  • @matejblaha4659
    @matejblaha46593 жыл бұрын

    Thank you! I am just reading through that paper and it's great that somebody made the effort to summarize it for me :-)

  • @intermittentdiversion

    @intermittentdiversion

    3 жыл бұрын

    Happy to help, Matej! Thanks for watching

  • @georgegibson1045
    @georgegibson10456 жыл бұрын

    HOW IS THIS SUCH A GOOD VIDEO, WITH 70 VIEWS!!!!!!!! thanks i have a midterm and this helped a lot

  • @intermittentdiversion

    @intermittentdiversion

    5 жыл бұрын

    Thanks! Hope your midterms went well!

  • @GAZDAGP

    @GAZDAGP

    3 жыл бұрын

    KZread VIDEO CHOICE HEURISTICS

  • @LKOO7

    @LKOO7

    3 жыл бұрын

    33 thousand views

  • @Nana-lr5qy
    @Nana-lr5qy4 ай бұрын

    What a great video 👍 Fascinating topic and amazingly well presented 👍 Thumbs up! 👍

  • @aaradhytagde2095
    @aaradhytagde2095 Жыл бұрын

    The Graphics are so amazingly done that it makes me understand it so easily. Tomorrow is My Exam of media Psychology and now I have finally Understood the How heuristics impact our judgment. Thank you :)

  • @adoskg7391
    @adoskg73912 жыл бұрын

    Thank you, helped me a bunch!

  • @jonathanperez8386
    @jonathanperez83865 жыл бұрын

    This is amazing!!!!!!! Please make more videos like the Braziliana one !!!!! What determines the value of the currency of a country !!!!

  • @JuanRojas956
    @JuanRojas9564 жыл бұрын

    Thinking Fast and Slow by Daniel Kahneman talks about all of this! Really recommend that book

  • @bitupanbhuyan5183

    @bitupanbhuyan5183

    3 жыл бұрын

    The video is all about that

  • @ladindoja92

    @ladindoja92

    3 жыл бұрын

    AMA

  • @kevinuc1514

    @kevinuc1514

    3 жыл бұрын

    how's this book?

  • @AmitSingh-tk6tu
    @AmitSingh-tk6tu3 жыл бұрын

    Amazing Work Alex. Kudos to apt and crisp explanations.✌️👍

  • @intermittentdiversion

    @intermittentdiversion

    3 жыл бұрын

    Thank you for your kind words, Amit!

  • @gmoneyballer279
    @gmoneyballer279 Жыл бұрын

    Great Video!

  • @skyler4377
    @skyler437729 күн бұрын

    Notes if you're assigned to do this in class and you lowkey procrastinated: Heuristics- rules of thumb that allow us to make decisions efficiently, simplifying complex tasks Daniel Kahneman and Amos Tversky examine how heuristics are useful however but can lead to bias and systematic errors Potential flaws: 1. Representativeness- overestimate the accuracy and likelihood of an event ex. One who is shy, quiet and organized may be believed to be a librarian rather than a farmer 2. Availability- how easily things are retrieved from memory or constructed from imagination ex1. Randomly flipping to a page and guessing that the letter "r" is more likely to show up at the start of a word as opposed to the third because you were able to recall more words that start with R easier ex2. Fearing being robbed after watching a news report about robbery 3. Anchoring- a reference point is given to a subject and estimates rely too heavily on it ex1. 1*2*3*4*5*6*7*8 may lead to a lower estimate than if asked to estimate 8*7*6*5*4*3*2*1 ex2. thinking $6.99 is a better deal than $7

  • @enigma005
    @enigma0054 жыл бұрын

    thanks!!, I needed this!!

  • @intermittentdiversion

    @intermittentdiversion

    4 жыл бұрын

    Glad it helped, Riya! Thanks for watching!

  • @snazzyquizzes2336
    @snazzyquizzes23364 жыл бұрын

    Great vid; it expanded my knowledge on this interesting topic.

  • @intermittentdiversion

    @intermittentdiversion

    4 жыл бұрын

    Glad you found it useful-thanks for watching!

  • @MsAngulu
    @MsAngulu Жыл бұрын

    Thank you very much

  • @sanamuhammad2045
    @sanamuhammad20455 жыл бұрын

    This video is soooo good. My psychology IA thanks you!!! Have a blessed one!

  • @intermittentdiversion

    @intermittentdiversion

    5 жыл бұрын

    Thanks! Glad you found it helpful!

  • @GAZDAGP
    @GAZDAGP3 жыл бұрын

    I'm just here for that guitar in the background

  • @milkandhenny
    @milkandhenny2 жыл бұрын

    Great summary!

  • @intermittentdiversion

    @intermittentdiversion

    2 жыл бұрын

    Thanks, Owen!

  • @ShaTheCrowSpeaks
    @ShaTheCrowSpeaks4 ай бұрын

    Wow.

  • @WizardOfTheKremlin
    @WizardOfTheKremlin2 жыл бұрын

    Thank you.

  • @intermittentdiversion

    @intermittentdiversion

    2 жыл бұрын

    Thanks for watching!

  • @fadhilahfw
    @fadhilahfw4 жыл бұрын

    so in steve’s case, what would the answer be? is he a librarian, farmer, or equally likely he is a librarian or farmer? this is similar to my assignment, your answer will help a lot. thank you!

  • @ryrez4478

    @ryrez4478

    4 жыл бұрын

    i think its more likely hes a farmer

  • @johnknofla242
    @johnknofla242 Жыл бұрын

    💙💙

  • @mhmmdsaralov
    @mhmmdsaralov6 ай бұрын

    the information looks like Past, Present, Future of Camerrer.

  • @dawgdawg3645
    @dawgdawg36452 жыл бұрын

    Where does confirmation bias fit in

  • @shawnburnham1
    @shawnburnham1 Жыл бұрын

    2:00

  • @vincent4608
    @vincent46085 жыл бұрын

    Grüße gehen raus an meine Homes von der Macromedia

  • @BorussiaFan14

    @BorussiaFan14

    5 жыл бұрын

    Scrrrrrrrrrrrrrr

  • @Barryd57
    @Barryd574 жыл бұрын

    It would have been easier to listen to w/o the background music

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