Archive for the ‘Kahneman, Daniel’ Category
April 10, 2018
Here’s a classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow …
Here’s the situation:
A woman has bought two $80 tickets to the theater.
When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.
$80 tickets are still available at the box office.
Will she buy two more tickets to see the play?

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.
Let’s try another situation …
(more…)
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Posted in Cognitive biases, Decision Making, Kahneman, Daniel, Kahneman, Daniel - Thinking Fast, Slow, Problem solving, Thinking Fast, Thinking Slow | 1 Comment »
July 2, 2015
A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow …
Here’s the situation:
A woman has bought two $80 tickets to the theater.
When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.
$80 tickets are still available at the box office.
Will she buy two more tickets to see the play?

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.
Let’s try another situation …
(more…)
SHARE THIS POST WITH FRIENDS & FAMILY
Posted in Cognitive biases, Decision Making, Kahneman, Daniel, Kahneman, Daniel - Thinking Fast, Slow, Problem solving, Thinking Fast, Thinking Slow | Leave a Comment »
February 23, 2015
Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow …
Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).
Some of the procedures were short in duration … others were longer.
Below is the pain chart for 2 representative patients.

The patients were asked – after the fact—how painful the procedure was.
What’s your bet? Which patient claimed to have undergone the more painful procedure?
(more…)
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Posted in Cognitive biases, Decision Making, Kahneman, Daniel | Leave a Comment »
December 5, 2014
Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow …
Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).
Some of the procedures were short in duration … others were longer.
Below is the pain chart for 2 representative patients.

The patients were asked – after the fact—how painful the procedure was.
What’s your bet? Which patient claimed to have undergone the more painful procedure?
(more…)
SHARE THIS POST WITH FRIENDS & FAMILY
Posted in Cognitive biases, Decision Making, Kahneman, Daniel | Leave a Comment »
November 10, 2014
A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow …
Here’s the situation:
A woman has bought two $80 tickets to the theater.
When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.
$80 tickets are still available at the box office.
Will she buy two more tickets to see the play?

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.
Let’s try another situation …
(more…)
SHARE THIS POST WITH FRIENDS & FAMILY
Posted in Cognitive biases, Decision Making, Kahneman, Daniel, Kahneman, Daniel - Thinking Fast, Slow, Problem solving, Thinking Fast, Thinking Slow | Leave a Comment »
July 31, 2014
A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow …
Here’s the situation:
A woman has bought two $80 tickets to the theater.
When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.
$80 tickets are still available at the box office.
Will she buy two more tickets to see the play?

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.
Let’s try another situation …
(more…)
SHARE THIS POST WITH FRIENDS & FAMILY
Posted in Cognitive biases, Decision Making, Kahneman, Daniel, Kahneman, Daniel - Thinking Fast, Slow, Problem solving, Thinking Fast, Thinking Slow | Leave a Comment »
July 22, 2014
Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow …
Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).
Some of the procedures were short in duration … others were longer.
Below is the pain chart for 2 representative patients.

The patients were asked – after the fact—how painful the procedure was.
What’s your bet? Which patient claimed to have undergone the more painful procedure?
(more…)
SHARE THIS POST WITH FRIENDS & FAMILY
Posted in Cognitive biases, Decision Making, Kahneman, Daniel | Leave a Comment »