Kahneman & Tversky on Heuristics in Decision-Making

A classic paper from Daniel Kahneman and Amos Tversky examines the role that heuristics play in our decisions, predictions, and assessments in situations characterized by uncertainty.

This video attempts to illustrate the ideas presented by Kahneman and Tversky in their 1974 paper, Judgment under Uncertainty, which was originally published in Science. The paper looks at three heuristics which are commonly employed: representativeness, availability, and anchoring.

The original paper can be found here: https://www.jstor.org/stable/1738360?

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Video + Sound + Script by Alex Belser.

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