Archives

Our judgements are clouded by prejudices and misconceptions.

Our judgements are clouded by prejudices and misconceptions. Indeed, we humans often assess the probability of an event by asking ourselves if there are “cognitively available” examples. Those are readily available through memory as Kahneman (Nobel Prize in Economics) and Tversky demonstrated in a series of papers published between 1971 and 1984. Among those papers the most popular is likely the one entitled “Prospect Theory”,1979 quoted at page 212 in our book. Availability heuristic The phenomenon highlighted by Kahneman and…

Read More

Archive

Hosted and powered by WR London.