A mental shortcut that lets people make a judgment or a decision quickly using limited information, rather than by exhaustively weighing every relevant fact, a foundational concept in behavioral economics because a heuristic that works well in most situations can produce a systematic, predictable error in others. This group gathers the heuristics and shortcut-based judgment phenomena recorded for this atlas, drawn from the standard judgment-and-decision-making literature on availability, representativeness and related shortcuts, including the tendency to perceive a meaningful pattern in random or ambiguous information.
Facts
Comparison
Originating WorkJudgment Under Uncertainty: Heuristics and Biases (Tversky and Kahneman, Science, 1974) 1 Browse By
Heuristics
Filter Results16 entries
Sources
1. Wikipedia: Heuristics in Judgment and Decision-Making
Wikimedia FoundationHeuristics in judgment and decision-making, Tversky and Kahneman section, heuristics groupQuote, Heuristics in judgment and decision-making, Tversky and Kahneman section, heuristics group
This research, called the heuristics-and-biases program, challenged the idea that human beings are rational actors and first gained worldwide attention in 1974 with the Science paper "Judgment Under Uncertainty: Heuristics and Biases".
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.