frames/ human rationality

Question 1

what are the standards of human rationality??

Answer 1

sensitivity: to info: ability to make judgement/ decision sensitive to probs of critical events and usefulness of evidence
consistency: insensitivity to irrelevant things
- > people make different decision about same info depending on how problem is framed

Question 2

what are preference reversals?

Answer 2

survival frame
-frame in term of saving lives

mortality framing
-framed in terms of lives lost

• -> poeple are highly sensitive to irrelevant framing
• -> judgement influenced by superficial aspects of framing

Question 3

what is the reference point effect?

Answer 3

where you started at
ex:
full grass-> half
70% half empty

empty glass–> half
88% half full

->reference point influence frame selection, thus frame carry info beyond literal context

Question 4

what is conversatinal implicatule

Answer 4

smt implied by utterance, not explicitily stated

pragmatic assumptions

Question 5

framing effect

Answer 5

if frame is equivalent in info

judgment depending on negative or positive implications valence is rationale

Question 6

what is the signal detection theory

Answer 6

general theory of how decisions are made

and hıw to measure decision making performance

Question 7

what is rationality?

Answer 7

being sensitive to all relevant-evidence in situation and usefulness of evidence when dealing uncertainty about judgement