Thinking 2 Flashcards
What is normative reasoning?
-Real decision making scenarios tend to include probable information e.g. likelihood of something occurring
-Probability theories used to give best decision possible in scenarios e.g. Bayes’ Theorem
What is human reasoning?
-Isn’t normative, aren’t applying mathematical theories in day to day life
-Kahneman and Tversky investigated these situations where reasoning is biased
What are the 2 heuristics?
-Biases occurred due to heuristics (cognitive short cuts) to answer complex probabilistic questions
-Representative heuristic
-Availability heuristic
What is the representative heuristic?
-”Likelihood of an event is evaluated by degree to which it is representative of the major characteristics of the process or population from which it originated” - Kahneman and Tversky (1972)
-Assumption that representative or typical members of a category are encountered more frequently
State the 2 studies supporting the representative heuristic
-Kahneman and Tversky (1972)
-Tversky and Kahneman (1981) - The Linda Problem
Describe Kahneman and Tversky (1972) study
-Asked ppts to judge professions from brief descriptions
-Box contained 100 brief descriptions of people
-30 descriptions are of engineers
-70 descriptions are of lawyers
-Subjects draw cards out of the box, read description and have to describe if the person is an engineer or a lawyer
Describe the study Tversky and Kahnemen (1981) study, The Linda Problem
-”Linda is 31 years old, single and outspoken and very bright. She majored in philosophy. As a student, she was deeply concerned with issues of discrimination and social justice and also participated in anti-nuclear demonstrations”
-Which of the following is most likely?
-Linda is a bank teller
-Linda is a bank teller and is active in the feminist movement
What are the results of the Tversky and Kahnemen (1981) study, The Linda Problem?
-90% of subjects feel as if Linda is more likely to be a feminist bak teller rather than just a bank teller
-HOWEVER, this is wrong!
What are the 2 fallacies?
-Conjunction fallacy
-Gamblers fallacy
Describe the Conjunction fallacy
-Reasoning error where people think that the chance of 2 things happening together is greater than chance of one of the two things happening alone
-Occurs as certain situations appear more likely than general ones
-More representative of what we imagine
Describe the Gambler’s fallacy (Monte Carlo Fallacy)
-Flipping coins, have to guess what comes next (head, tail, head, head, head, head…)
-Both equally likely as coin has no memory
-Mistaken belief that future tosses of a coin are influenced by past events
Summarise the representative heuristic
-Judging the likelihood of an event based on the extent to which it is similar to a prototype in our minds
-Sometimes, it’s helpful to cognitive shortcut
-Sometimes, it can lead to errors in judgement
What is the availability heuristic?
-Getting information wrong due to the availability of the info
-Can be due to media coverage
-Memory effect occurs
-“rule of thumb in which decision makers assess the frequency of a class of the probability of an event by the ease with which instances or occurrences can be brought to mind” - Tversky and Kahneman (1974)
What are the 2 studies supporting the availability heuristic?
-Tversky and Kahneman (1974)
-Lichtenstein et al. (1978)
Describe the study by Tversky and Kahneman (1974)
-Asked ppts which of the following was more frequent:
-’A word in English has K as the 1st letter’
-’A word in English has K as the 3rd letter’