User Tag List

First 6141516

Results 151 to 154 of 154

  1. #151
    Glowy Goopy Goodness The_Liquid_Laser's Avatar
    Join Date
    Jul 2007
    MBTI
    ENTP
    Posts
    3,377

    Default

    Quote Originally Posted by Economica View Post
    Tell that to those who have been wrongfully convicted in criminal trials on "common sense", i.e. various forms of the base rate fallacy. (Link)
    I make no claims that what happens in a courtroom has anything to do with either logic or common sense. This is doubly so if you also involve the news media.

    My wife and I made a game to teach kids about nutrition. Please try our game and vote for us to win. (Voting period: July 14 - August 14)
    http://www.revoltingvegetables.com

  2. #152
    Glowy Goopy Goodness The_Liquid_Laser's Avatar
    Join Date
    Jul 2007
    MBTI
    ENTP
    Posts
    3,377

    Default

    Quote Originally Posted by Santtu View Post
    I haven't watched the show and this fact didn't come up in my searches. This does put a different spin on the game. I have taken the description of "Monty Hall Problem" as an accurate description of the game and I feel like a fool now :P
    Well even my presentation is somewhat simplistic if you consider that many times he will not have a car behind the door, but maybe some other prize like appliances or a trip to Hawaii. When considering such cases in order to minimize cost you should not just consider the probability but also the expected value. This could skew probabilities even more when there is a car being considered.

    At some point one does have to decide where to choose a simple working model over a realistic depiction that takes every factor into account. Choosing where to draw that line can sometimes be difficult though.
    My wife and I made a game to teach kids about nutrition. Please try our game and vote for us to win. (Voting period: July 14 - August 14)
    http://www.revoltingvegetables.com

  3. #153

    Default

    Quote Originally Posted by Economica View Post
    Tell that to those who have been wrongfully convicted in criminal trials on "common sense", i.e. various forms of the base rate fallacy. (Link)
    I am curious. Was Heuristics and Biases part of the required reading in one of your behavioral economics classes?

    I have some of Gilovich's other books, but this one seems like the classic of the field.

    The INTJ in me has designs for world domination using the concepts in that book, my chip design skills, and a do-it-yourself hedge fund.

    Accept the past. Live for the present. Look forward to the future.
    Robot Fusion
    "As our island of knowledge grows, so does the shore of our ignorance." John Wheeler
    "[A] scientist looking at nonscientific problems is just as dumb as the next guy." Richard Feynman
    "[P]etabytes of [] data is not the same thing as understanding emergent mechanisms and structures." Jim Crutchfield

  4. #154
    Dhampyr Economica's Avatar
    Join Date
    Apr 2007
    MBTI
    INTJ
    Posts
    2,054

    Default

    Quote Originally Posted by ygolo View Post
    I am curious. Was Heuristics and Biases part of the required reading in one of your behavioral economics classes?
    No, we only read articles. I'll be sure to check the book out though.

Similar Threads

  1. [Fe] Do others feel compelled to advise people?
    By raz in forum The SJ Guardhouse (ESFJ, ISFJ, ESTJ, ISTJ)
    Replies: 25
    Last Post: 12-02-2008, 01:46 PM
  2. [NT] Tendency to cut people out? (Rationals)
    By DigitalMethod in forum The NT Rationale (ENTP, INTP, ENTJ, INTJ)
    Replies: 48
    Last Post: 07-01-2008, 11:49 AM
  3. Why is it wrong to oppress people?
    By Journey in forum Philosophy and Spirituality
    Replies: 43
    Last Post: 04-14-2008, 01:29 PM
  4. How to agonize people
    By SolitaryWalker in forum Myers-Briggs and Jungian Cognitive Functions
    Replies: 84
    Last Post: 08-05-2007, 11:59 PM
  5. Simple ways to joy and happiness
    By Maverick in forum General Psychology
    Replies: 29
    Last Post: 07-11-2007, 09:42 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Single Sign On provided by vBSSO