Heuristics and biases in decision making, explained

We all use heuristics to make everyday decisions — but sometimes they blind us to the truth. So we need to do something that doesn’t come easy: accept that our ideas might be wrong. Behavioral Economics (video series): Join Prof. Antony Davies of Duquesne University and Erika Davies of George Mason University as they take you on a crash course of behavioral economics, discussing topics like rational choice, heuristics, nudging, and public choice economics. https://www.youtube.com/watch?v=q1vMdKk8-N0&list=PL-erRSWG3IoCxSRg1aPHJFQ7IMpkhewFJ What Voters Want (article): This article explains how heuristics affect voter behavior. https://www.nytimes.com/2016/01/26/opinion/campaign-stops/what-voters-want.html Thinking, Fast and Slow (book): Psychologist and behavioral economist Daniel Kahneman explains common cognitive biases we fall victim to and explains how we can learn to see past them https://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555/ref=sr_1_1?s=books&ie=UTF8&qid=1505316293&sr=1-1&keywords=heuristic TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/what-are-heuristics/ LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.