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Heuristics and Biases (The Psychology of Intuitive Judgement)

Ed. Gilovich, Thomas · 5 HN comments
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Amazon Summary
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 people answer such questions. How do people cope with the complexities of the world economy, the uncertain behavior of friends and adversaries, or their own changing tastes and personalities? When are people's judgments prone to bias, and what is responsible for their biases? This book compiles psychologists' best attempts to answer these important questions.
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I've not read "Thinking Fast and Slow" but long ago I read "Heuristics and Biases"[0] and attended one of Kahneman's talks during his tour promoting his newest book.

I couldn't help but think that TFaS was the product not so much of a desire to share some new insights he'd recently discovered but rather that he saw (or some publisher pointed out to him) how authors such as Pinker, Greene, Tyson, et al were garnering considerable attention and revenue translating sophisticated scientific topics developed by others for a lay audience. As if someone said to him: "Hey, you were involved in discovering some sophisticated and important topics, why don't you translate those to a lay audience?!"

I have great respect for Kahneman and H&B is a wonderful collection. However I find it peculiar that the entirety of TFaS seems, on the surface (again I've not read it) strikingly similar to essay #22 in H&B by Steven A. Sloman titled "Two Systems of Reasoning". In it he uses Kahneman's and Tversky's work to argue for two competing strategies for arriving at the truth: associative vs rule-based.

It's as if Kahneman is borrowing from Sloman who borrowed from Kahneman.

[0]https://www.amazon.com/Heuristics-Biases-Psychology-Intuitiv...

rorykoehler
I found thinking fast and slow unreadable. Bored me too death.
It's widely acknowledged in behavioral economics that biases have their uses. In fact, usually the phrase used to describe them is "Heuristics and Biases"[1].

It's first and foremost a heuristic -- a reasonably good way to generate good behavior. Secondarily, in certain specific situations, it causes non-optimal behavior.

[1] ( https://www.amazon.com/Heuristics-Biases-Psychology-Intuitiv... )

jonny_eh
Exactly, discovering economic biases is like discovering optical illusions. The existence of optical illusions doesn't mean that human sight is always flawed, only flawed in certain edge cases.
neuronexmachina
"All models are wrong, but some are useful." -- statistician George E.P. Box
Dec 04, 2013 · maaku on List of cognitive biases
Heuristics & Biases is a great book with more detail:

http://www.amazon.com/Heuristics-Biases-Psychology-Intuitive...

Basically, your brain has two ways of operating. You have your slow, deliberate "rational" side, and a fast heuristic side. There are well documented[1] biases that influence our answers.

After you've practised and gotten good at something, you've got your brain to start using the fast side to handle things. For instance, bike riding. At first, you're consciously thinking and trying to control everything. After a while, you get heuristics that take over and it becomes natural.

This happens in a lot of subjects, as far as I can tell. So, you shouldn't trust your intuition blindly. But understand the biases you're likely to have and how your brain is immediately popping up these ideas can be useful. Perhaps intuition can be more powerful because it's our brain using some fast ways of coming to a conclusion?

http://www.amazon.com/Heuristics-Biases-Psychology-Intuitive...

Predictably Irrational is just a "popular" summarized version of work in this area of psychology. If you like it, consider looking at some of the work by Daniel Kahneman:

http://www.amazon.com/Heuristics-Biases-Psychology-Intuitive...

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