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Showing posts with the label Kahneman

Just my thoughts #0756

Real change happens so quickly that we often don’t notice when it occurs. The changing of seasons is a good example. Clearly, winter and spring are very different. It’s hot during the day and cold at night, but when we see spring flowers blooming along the roadside, we realize spring has arrived. We tend to think that big changes will feel different, but sometimes small signs reveal the change. For instance, when our foreheads sweat even with little movement, we recognize that the temperature is getting warmer. What changes might you not notice or recognize? Perhaps your weight? - 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"