In this video I explain the difference between an algorithm and a heuristic and provide an example demonstrating why we tend to use heuristics when solving problems. While algorithms provide step-by-step procedures that can guarantee solutions, heuristics are faster and … Read More
What is the Availability Heuristic?
In their first study of the availability heuristic, Tversky and Kahneman asked participants to estimate whether English had more words that started with the letter K or more words that had K as the third letter. What do you think? … Read More