2_14 Discussion Questions.pdf - Caley Stauter 1-Correctly weighs the cost v benefit-Knows his or her preferences all the time for present and

2_14 Discussion Questions.pdf - Caley Stauter 1-Correctly...

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Caley Stauter 1. -Correctly weighs the cost v benefit -Knows his or her preferences all the time for present and future -Never flip-flops between two contradictory desires 2. Humans do not actually behave the way the rational choice model predicted. Human beings have trouble with self control and patience. Humans are also very
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Unformatted text preview: indecisive and, for the most part, do not know what we want next year or even tomorrow. 3. Heuristics- Problem solving approaches based on previous experiences, rather than careful analysis. 4. Probability or anything dealing with numbers. 5. The Conjunction Fallacy, and the Anchoring Effect...
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  • Spring '12
  • BORIDERI
  • Daniel Kahneman, human beings, Anchoring Effect, Caley Stauter

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