oter
Audio available in app

Representativeness heuristic leads to faulty judgments from "summary" of Thinking, Fast and Slow by Daniel Kahneman

The representativeness heuristic is the tendency to judge the likelihood of an event based on how closely it resembles a prototype or stereotype. When people rely on this heuristic, they often make judgments without considering other relevant information. This can lead to faulty judgments because the representativeness heuristic ignores base rates and the size of the reference class. For example, when people are asked to judge the probability that a person is an engineer given a description that matches the stereotype of an engineer, they often overlook the fact that there are more lawyers than engineers in the population. This leads them to overestimate the likelihood that the person is an engineer simply based on the representativenes...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Rational individuals seek to minimize bias in their decisionmaking
    Rational individuals seek to minimize bias in their decisionmaking
    Rational individuals are those who are committed to making decisions in a logical and reasoned manner. This means that they str...
    Cultivate curiosity
    Cultivate curiosity
    Curiosity is a powerful force that drives us to seek out new knowledge and understanding. It is the spark that ignites our desi...
    The assault on reason can be countered through education and awareness
    The assault on reason can be countered through education and awareness
    In an era where reason and rational discourse seem to be under constant attack, the importance of education and awareness canno...
    Experts rely on intuition to make judgments
    Experts rely on intuition to make judgments
    Experts often face complex situations where they must rely on their intuition to make judgments. Intuition allows experts to qu...
    Your money mindset can impact your financial future
    Your money mindset can impact your financial future
    The way we think about money can have a profound impact on our financial futures. Our money mindset shapes our attitudes, belie...
    Relying on evidence leads to more sound conclusions
    Relying on evidence leads to more sound conclusions
    When it comes to making conclusions or decisions, it is crucial to rely on evidence rather than on assumptions or emotions. Evi...
    Humans possess unique cognitive abilities
    Humans possess unique cognitive abilities
    One of the most intriguing aspects of human cognition is our ability to think and reason in ways that set us apart from other s...
    Creating a sense of community can influence decisions
    Creating a sense of community can influence decisions
    In order to effectively influence decisions, it is crucial to understand the power of creating a sense of community. When indiv...
    Anticipating objections and addressing them preemptively enhances persuasiveness
    Anticipating objections and addressing them preemptively enhances persuasiveness
    When it comes to persuading others, one powerful strategy is to anticipate objections that may arise and address them before th...
    Our brains are wired for social thinking, not for storing vast amounts of information
    Our brains are wired for social thinking, not for storing vast amounts of information
    Our brains are not designed to operate as isolated information processing machines. Instead, they are fundamentally social orga...
    oter

    Thinking, Fast and Slow

    Daniel Kahneman

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.