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Showing posts with the label Kahneman

Just my thoughts #0738

The key to getting along isn’t with people, but with time. Time shapes both individuals and the environment. And the scariest phrase is, “This too shall pass!” As time goes on, good fortune can become a curse, and misfortune can turn into good luck. Therefore, nothing is more important than the ‘now’ when it comes to pursuing happiness. - 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"