Archive for the ‘Kahneman, Daniel’ Category

Dilemma: The case of the lost concert tickets …

April 10, 2018

Here’s a classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow

Here’s the situation:

A woman has bought two $80 tickets to the theater.

When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.

$80 tickets are still available at the box office.

Will she buy two more tickets to see the play?

 

clip_image002

 

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.

Let’s try another situation …

(more…)

Dilemma: The case of the lost concert tickets …

July 2, 2015

 

A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow

Here’s the situation:

A woman has bought two $80 tickets to the theater.

When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.

$80 tickets are still available at the box office.

Will she buy two more tickets to see the play?

 

clip_image002

 

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.

Let’s try another situation …

(more…)

Cognitive Biases: Which is more painful?

February 23, 2015

Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow

Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).

Some of the procedures were short in duration … others were longer.

Below is the pain chart for 2 representative patients.

image

The patients were asked – after the fact—how painful the procedure was.

What’s your bet?  Which patient claimed to have undergone the more painful procedure?

(more…)

Cognitive Biases: Which is more painful?

December 5, 2014

Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow

Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).

Some of the procedures were short in duration … others were longer.

Below is the pain chart for 2 representative patients.

image

The patients were asked – after the fact—how painful the procedure was.

What’s your bet?  Which patient claimed to have undergone the more painful procedure?

(more…)

Dilemma: The case of the lost concert tickets …

November 10, 2014

 

A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow

Here’s the situation:

A woman has bought two $80 tickets to the theater.

When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.

$80 tickets are still available at the box office.

Will she buy two more tickets to see the play?

 

clip_image002

 

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.

Let’s try another situation …

(more…)

Dilemma: The case of the lost concert tickets …

July 31, 2014

 

A classic “framing” question from Kahneman’s Thinking Fast, Thinking Slow

Here’s the situation:

A woman has bought two $80 tickets to the theater.

When she arrives at the theater, she opens her wallet and discovers that the tickets are missing.

$80 tickets are still available at the box office.

Will she buy two more tickets to see the play?

 

clip_image002

 

Most (but, not all) survey respondents answer that the woman will go home without seeing the show.

Let’s try another situation …

(more…)

Cognitive Biases: Which is more painful?

July 22, 2014

Interesting study on cognitive biases from Daniel Kahneman’s Thinking, Fast and Slow

Patients undergoing a painful medical procedure – think, colonoscopy without anesthesia – recorded their pain levels during the procedure on a range from no pain (zero) to excruciating (10).

Some of the procedures were short in duration … others were longer.

Below is the pain chart for 2 representative patients.

image

The patients were asked – after the fact—how painful the procedure was.

What’s your bet?  Which patient claimed to have undergone the more painful procedure?

(more…)