Learn Liberty
We all use heuristics to make everyday decisions — but sometimes they blind us to the truth. So we need to do something that doesn’t come easy: accept that our ideas might be wrong.
Behavioral Economics (video series): Join Prof. Antony Davies of Duquesne University and Erika Davies of George Mason University as they take you on a crash course of behavioral economics, discussing topics like rational choice, heuristics, nudging, and public choice economics. https://www.youtube.com/watch?v=q1vMdKk8-N0&list=PL-erRSWG3IoCxSRg1aPHJFQ7IMpkhewFJ
What Voters Want (article): This article explains how heuristics affect voter behavior. https://www.nytimes.com/2016/01/26/opinion/campaign-stops/what-voters-want.html
Thinking, Fast and Slow (book): Psychologist and behavioral economist Daniel Kahneman explains common cognitive biases we fall victim to and explains how we can learn to see past them https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555/ref=sr_1_1?s=books&ie=UTF8&qid=1505316293&sr=1-1&keywords=heuristic
TRANSCRIPT:
For a full transcript please visit: http://www.learnliberty.org/videos/what-are-heuristics/
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Source
I have an exam today and I need review . <3 simple n easy
Clear explanation, much better than my dr explanation in my OB lesson.
still dont get it lol
Bro im hear bc i keep misspelling “hru”
Thank you.
Punch Line: "Recognizing the flawed nature of your thinking is a bold first step to challenging it."
2:25 – I believe this is incorrect. If the false positive rate is 10%, and 10 people test positive, on average, 9 of them have the disease. If this doesn't happen, then the false positive rate is higher than 10%.
i knew it. earth is square.
Title: How to Trigger Flat-Earthers in Under 4 Minutes
the earth is flat , your heuristics are off
one like
The Earth is a CONE,
change my mind
I am here after reading the book thinking fast and slow
OMG, this is a terrible explanation of what heuristics are. It's almost as if this entire video is… an heuristic.
that flat earther who walks on a globe must be a donut earther now
Excellent Explanation.
The disease example he gave is completely wrong. If there's a 1 in 10 chance of a false positive, that means that in let's say 111 out of 100,000 random tests on the population that you'll test positive in the first place. Out of those 111 case, approximately 11 cases will be false positive tests, leaving 100 cases of the disease. Once you've tested positive you're already part of the population of the 111 out of 100,000 that tested positive. Now, let me ask you. Are you more likely to be in the 11 cases that are false positives, or the 100 cases that are true positives?
His use of the disease example is completely wrong. Once you've already tested positive, you've already limited yourself to the population. What he's saying, which you cannot do, is that because only 1 in 1000 people actually have the disease, even when you have a positive test, there's still only a 1 in 1000 chance that you'll have the disease. It's bad math, and honestly, I'd expect more from a professor in any profession.
"but in fact the world is more peaceful today then ever before" while showing a graph representing…just europe
Ive been talking about this ever since I heard it back in 2014-2015 and I swear I felt like I was being gaslit when I would explain it to people.
Up till 17th of Aug, 2021, 132 individuals who disliked this video still considers Earth flat or squared.
A brilliant example of an informative video. Thanks for the upload!
Who's here after the world knows that covid-19 is only a cognitive bias based on heuristic assumption made by people from around the world 🥰
Im here first if thats true in the future (no edit) 😝
Same here ☝
Wait a minute… this isn't family guy funny moments #46
short cuts can cut short the outcome.
Now i dont have to search for the meaning again and again,and can complete my book🤓
Well Done. Thank you. Although I may be using the anchoring bias to come to that conclusion.
trash
it sometimes sound same as schema
Are you trying to tell me that the earth is not flat!?!?!?!?!
Helping the youtube search heuristics by saying this is indeed a very good explanation 😀 5 stars
Great vid
''the world is a peaceful place today''
proceeds to show an ''All-European'' trend hahhahaaa
This is so helpful – Thinking fast and slow.