Foundations of Cognitive Psychology: Preface - Preface
a large number of judges. These distributions indicated large and systematic departures from proper calibration. In most studies ...
Discussion This article has been concerned with cognitive biases that stem from the reli- ance on judgmental heuristics. These b ...
sense that different individuals are allowed to have different probabilities for the same event. The major contribution of this ...
heuristics and of the biases to which they lead could improve judgments and decisions in situations of uncertainty. Acknowledgme ...
Chapter 26 Decision Making EldarShafirandAmosTversky 26.1 Introduction Decisions about what to buy, whom to vote for, or where t ...
such decisions, one has to consider two factors, the desirability of the potential outcomes and their probability of occurrence. ...
is more than 50 percent of the value attached to a gain of $200, which entails preference for the sure $100 gain and, hence, ris ...
normally treat outcomes as gains and losses defined relative to a neutral refer- ence point, rather than in terms of total wealt ...
26.3 Framing Effects Consider the following problems (Tversky and Kahneman 1986). The numbers in brackets indicate the percentag ...
Decision (ii). Choose between E: a sure loss of $750 [13%] F: 75% chance to lose $1,000 and 25% chance to lose nothing [87%] Not ...
options. In particular, programs A and B are identical, respectively, to pro- grams C and D. They differ only in that the former ...
the one that appeared risky. Thus, contract A was chosen more often in the former case, when it was framed as riskless, than in ...
divided into two groups: half the subjects were given a decorated mug, and the others were given a large bar of Swiss chocolate. ...
alternative jobs that are like their present job in all respects except for the amount of social contact and the daily commuting ...
respect to mass can be established either by placing each object separately on a scale, or by placing both objects on two sides ...
between L and S and to price both prospects by stating the smallest immediate cash payment for which they would be willing to ex ...
Problem:Skin cancer from sun exposure is common among farm workers. Intervention: Support free medical checkups for threatened g ...
complicated by ambiguous economic, social, and emotional considerations, and you decide to base your decision entirely on the fo ...
who select it) cannot be increased when new options are added. In particular, the proportion of people who choose the option to ...
pensive and sophisticated one. This conflict is not easy to resolve, and compels many subjects to put off the purchase until the ...
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