They serve as an aspiration for those who want... - Deepstash

They serve as an aspiration for those who want to be rational, which should mean everyone. A major goal of this book is to explain the most widely applicable normative tools of reason.

Normative models also serve as benchmarks against which we can assess how human schlemiels do reason, the subject matter of psychology and the other behavioral sciences. The many ways in which ordinary people fall short have become famous through the Nobel Prize-winning research of Daniel Kahneman, Amos Tversky, and other psychologists and behavioral economists.

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Cognitive Biases are a collection of faulty and illogical ways of thinking which are hardwired in the brain, most of which we aren’t aware of.

The idea of cognitive biases was invented in the 1970s by two social scientists Amos Tversky and Daniel Kahneman, with Kahneman winning the 200...

Behavioral economics

It is a field of study bringing together knowledge from psychology and economics to reveal how real people behave in the real world.

  • This is in contrast to the traditional economic view of human behavior, which assumed people always behave in accordance with rational,...

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