An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty by Camille Morvan

An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty by Camille Morvan

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Zusammenfassung

For decades, social scientists had used a mythical figure to describe how humans make decisions: homo economicus. He was logical and conscientious. To make a decision, he would evaluate all the options open to him, then choose the most rational course of action.

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An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty by Camille Morvan

Amos Tversky and Daniel Kahneman’s 1974 paper ‘Judgement Under Uncertainty: Heuristics and Biases’ is a landmark in the history of psychology. Though a mere seven pages long, it has helped reshape the study of human rationality, and had a particular impact on economics – where Tversky and Kahneman’s work helped shape the entirely new sub discipline of ‘behavioral economics.’ The paper investigates human decision-making, specifically what human brains tend to do when we are forced to deal with uncertainty or complexity. Based on experiments carried out with volunteers, Tversky and Kahneman discovered that humans make predictable errors of judgement when forced to deal with ambiguous evidence or make challenging decisions. These errors stem from ‘heuristics’ and ‘biases’ – mental shortcuts and assumptions that allow us to make swift, automatic decisions, often usefully and correctly, but occasionally to our detriment. The paper’s huge influence is due in no small part to its masterful use of high-level interpretative and analytical skills – expressed in Tversky and Kahneman’s concise and clear definitions of the basic heuristics and biases they discovered. Still providing the foundations of new work in the field 40 years later, the two psychologists’ definitions are a model of how good interpretation underpins incisive critical thinking.

Dr Camille Morvan is a psychologist, researcher and founder of the psychological human resources company Goshaba. She has taught at Sciences Politiques in Paris and at Harvard University, as well as working at the Ecole normale supérieure.

Dr Bill Jenkins holds a PhD in psychology from the University of Michigan. He is currently co-chair of the Department of Psychology at Mercer University.

SKU Nicht verfügbar
ISBN 13 9781912128945
ISBN 10 1912128942
Titel An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty
Autor Camille Morvan
Serie The Macat Library
Buchzustand Nicht verfügbar
Bindungsart Paperback
Verlag Macat International Limited
Erscheinungsjahr 2017-07-05
Seitenanzahl 95
Hinweis auf dem Einband Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis Nicht verfügbar