In this video I describe another heuristic identified by the work of Amos Tversky and Daniel Kahneman. The representativeness heuristic is a shortcut that we use when attempting to estimate the odds of something being true, such as whether an … Read More
The Availability Heuristic
In this video I provide an introduction to behavioral economics and the work of Amos Tversky and Daniel Kahneman by describing a heuristic we use when attempting to assess the frequency of events. The availability heuristic is a shortcut that … Read More
Problem Solving
In this video I introduce several concepts related to problem-solving. I begin with mental set, which refers to our tendency to rely on approaches that have worked in the past. Similarly, functional fixedness refers to our tendency to think of … Read More