Heuristics and biases : the psychology of intuitive judgment
"Judgment pervades human experience. Do I have a strong enough case to go to trial? Will the Fed change interest rates? Can I trust this person? This book examines how, and how well, people answer such questions. The study of human judgment was transformed in the 1970s when Kahneman and Tversky introduced their 'heuristics and biases' approach. Their approach highlighted the reflexive mental operations that are used to make complex problems manageable, and it generated a torrent of influential research in psychology - research that reverberated widely and affected scholarship in economics, law, medicine, management, and political science. This book compiles the most influential elements of psychological research in the heuristics and biases tradition. The various contributions critically analyze the initial work on heuristics and biases, supplement these initial statements with emerging theory and empirical findings in psychology, and point to the most promising areas of future research on judgment."--Publisher description (LoC)
Print Book, English, 2002
Cambridge University Press, Cambridge, U.K., 2002
Judgment
xvi, 857 pages : illustrations, charts ; 24 cm
9780521792608, 9780521796798, 0521792606, 0521796792
47364085
Introduction: heuristics and biases then and now; Part I. Theoretical and Empirical Extensions: 1. Extensional versus intuitive reasoning: the conjunction fallacy in probability judgment; 2. Representativeness revisited: attribute substitution in intuitive judgment; 3. How alike is it versus how likely it is: a disjunction fallacy in probability judgments; 4. Imagining can heighten or lower the perceived likelihood of contracting a disease: the mediating effect of ease of imagery; 5. The availability heuristic revisited: ease of recall and content of recall as distinct sources of information; 6. Incorporating the irrelevant: anchors in judgments of belief and value; 7. Putting adjustment back in the anchoring and adjustment heuristic: differential processing of self-generate and experimenter-provided anchors; 8. Self anchoring in conversation: why language users don't do what they 'should'; 9. Inferential correction; 10. Mental contamination and the debiasing problem; 11. Sympathetic magical thinking: the contagion and similarity 'heuristics'; 12. Compatibility effects in judgment and choice; 13. The weighing of evidence and the determinants of confidence; 14. Inside the planning fallacy: the causes and consequences of optimistic time predictions; 15. Probability judgment across cultures; 16. Durability bias in affective forecasting; 17. Resistance of personal risk perceptions to debiasing interventions; 18. Ambiguity and self-evaluation: the role of idiosyncratic trait definitions in self-serving assessments of ability; 19. When predictions fail: the dilemma of unrealistic optimism; 20. Norm theory: comparing reality to its alternatives; 21. Counterfactual thought, regret, and superstition: how to avoid kicking yourself; Part II. New Theoretical Directions: 22. Two systems of reasoning; 23. The affect heuristic; 24. Individual differences in reasoning: implications for the rationality debate?; 25. Support theory: a nonextensional representation of subjective probability; 26. Unpacking, repacking, and anchoring: advances in support theory; 27. Remarks on support theory: recent advances and future directions; 28. The use of statistical heuristics in everyday inductive reasoning; 29. Feelings as information: moods influence judgments and processing strategies; 30. Automated choice heuristics; 31. How good are fast and frugal heuristics?; 32. Intuitive politicians, theologians, and prosecutors: exploring the empirical implications of deviant functionalist metaphors; Part III. Real World Applications: 33. The hot hand in basketball: on the misperception of random sequences; 34. Like goes with like: the role of representativeness in erroneous and pseudoscientific beliefs; 35. When less is more: counterfactual thinking and satisfaction among Olympic medalists; 36. Understanding misunderstanding: social psychological perspectives; 37. Assessing uncertainty in physical constants; 38. Do analysts overreact?; 39. The calibration of expert judgment: Heuristics and biases beyond the laboratory; 40. Clinical versus actuarial judgment; 41. Heuristics and biases in application; 42. Theory driven reasoning about plausible pasts and probable futures in world politics.