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Showing posts with the label Kahneman

Just my thoughts #0740

Rarely does an erected flag fly alone. An invisible wind moves it, meaning an external force. When the wind blows, flags flutter, dust rises, and laundry dries. Many changes occur in response to one external factor, but we cannot see the cause. Eyes capable of reading invisible external causes can respond to a world of rapid change. We cannot attribute a cause solely by observing a phenomenon; instead, we must recognize a specific pattern across multiple phenomena. The ability to detect hidden commonalities is a form of wisdom. - 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"