Skip to main content

Posts

Showing posts with the label Kahneman

Just my thoughts #0812

Metropolis and Transportation: For mankind, a ‘city’ was a ‘place’ where people were born, grew up, and eventually died. It was initially difficult for humans to choose a ‘place’ to live. Humans had to follow the fate they were given. However, with the development of transportation and the widespread adoption of online networks, humans have been able to select their own places of residence. Throughout history, humans have only been able to voluntarily choose where they want to live for a short time. Achieving freedom of movement marks a fundamental change in the form and character of cities. The development of transportation has completely transformed our lives. The emergence and evolution of transportation means, such as electric vehicles and high-speed trains, indicate that we are in the middle of a revolution that humanity is experiencing for the first time. If you do not respond to these changes, you will face difficulties. - Joseph’s “just my thoughts”

Just my thoughts #0039

The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"