Art Theory

Heuristics, Explained



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

Similar Posts

34 thoughts on “Heuristics, Explained
  1. 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%.

  2. 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.

  3. "but in fact the world is more peaceful today then ever before" while showing a graph representing…just europe

  4. 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) 😝

Comments are closed.

WP2Social Auto Publish Powered By : XYZScripts.com