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Showing posts with the label Kahneman

Just my thoughts #0797

Survival of the Fittest and Cooperation: Examining the world from the perspective of competition for survival reveals that only the strong and fittest survive, a concept often referred to as “Falling Prey to the Strong and Survival of the Fittest.” However, there are cases where this principle does not apply, when each entity cooperates with the others. Then, rather than surviving because they are strong and adaptable, it may be that they are strong and adaptable because they survived. Cooperation is an act of a very peculiar nature. The truth is, those who cooperate are the strongest. - 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"