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 …
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 …
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 …
Here’s an interesting study excepted from Kahneman’s Thinking Fast, Thinking Slow…
Let’s start with some background … straight from Wiki:
The “seven-year itch” is a psychological term that suggests that happiness in a relationship declines after around year seven of a marriage.
The phrase was first used to describe an inclination to become unfaithful after seven years of marriage in the play The Seven Year Itch by George Axelrod, and gained popularity following the 1955 film adaptation starring Marilyn Monroe and Tom Ewell.
The phrase has since expanded to indicate cycles of dissatisfaction not only in interpersonal relationships but in any situation such as working a full-time job or buying a house, where a decrease in happiness and satisfaction is often seen over long periods of time.
* * * * *
OK, so is the 7-year itch just folklore for real?
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 …
Here’s a classic test of intuitive skills excepted from Daniel Kahneman’s Thinking Fast, Thinking Slow…
As you consider this question, please assume that Steve – the subject — was selected at random from a representative sample.
Steve has been described by a neighbor as follows: “Steve is very shy and withdrawn, invariably helpful but with little interest in people or in the world of reality. A meek and tidy soul, he has a need for order and structure, and a passion for detail .”
* * * * *
Is Steve more likely to be a librarian or a farmer?
(more…)
The Homa Files 