The psychology behind irrational decisions - Sara Garofalo
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Date: 2020-08-22
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Comments and reviews: 7
Vardaris
The decisions are not irrational they have a deeper evolutionary back up and that is the aversion of loss. In nature, loss is a much more detrimental effect because it usually means the loss of extreme energy and efford investement for humans which is not the same as money won in a game which are basically pure random profit. The decision of the players to flip the coin is commanded from the same instict that would make a human risk his or her life to save the life of their child, even though if you lose at this risk you usually end up losing it all (your life and posibly your children's life, the energy investment on a child is big enough to make the risk worthwhile and this behaviour favoured by evolution. Human insticts translate bad in a game like this but they are not fallacies in general, they are rational choices in a world that works in a different way than a TV game.
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The decisions are not irrational they have a deeper evolutionary back up and that is the aversion of loss. In nature, loss is a much more detrimental effect because it usually means the loss of extreme energy and efford investement for humans which is not the same as money won in a game which are basically pure random profit. The decision of the players to flip the coin is commanded from the same instict that would make a human risk his or her life to save the life of their child, even though if you lose at this risk you usually end up losing it all (your life and posibly your children's life, the energy investment on a child is big enough to make the risk worthwhile and this behaviour favoured by evolution. Human insticts translate bad in a game like this but they are not fallacies in general, they are rational choices in a world that works in a different way than a TV game.
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Patrick
Sprint: gEt a 0 pHoNE If U sWiTch For oNlY 30 a liNE
Bruh its even worse cuz ur forced to pay 30 if u want the phone and the line but if its 15 a line and 15 a phone per month, then I would just get the line
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Sprint: gEt a 0 pHoNE If U sWiTch For oNlY 30 a liNE
Bruh its even worse cuz ur forced to pay 30 if u want the phone and the line but if its 15 a line and 15 a phone per month, then I would just get the line
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Alesandro
In order to get 2000 in the 2nd round, the player should flip the coin and win. However, if the player flipped the coin and did not win, the round 2 doesn't exist since the money would remain 1000.
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In order to get 2000 in the 2nd round, the player should flip the coin and win. However, if the player flipped the coin and did not win, the round 2 doesn't exist since the money would remain 1000.
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Chris
If you choose to do both coin flips, would the probablitily of landing on head and tails be 50/50. If I were to win on the first coin flip the rational decision would be to take a sure loss.
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If you choose to do both coin flips, would the probablitily of landing on head and tails be 50/50. If I were to win on the first coin flip the rational decision would be to take a sure loss.
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Frederick
Everyone who likes this should read Thinking fast and slow by Daniel Kahneman, the concept of prospect theory is explained well there. A read of a lifetime
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Everyone who likes this should read Thinking fast and slow by Daniel Kahneman, the concept of prospect theory is explained well there. A read of a lifetime
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Batuhan
''Consider that the intuitive answer might not be the right one after all''
I experienced just the opposite in every single test I took
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''Consider that the intuitive answer might not be the right one after all''
I experienced just the opposite in every single test I took
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Paul
i think that is why chidi in the good place have a hard time making decisions because he knows the consequences of heuristics
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i think that is why chidi in the good place have a hard time making decisions because he knows the consequences of heuristics
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