Judgment & Biases · Thinking
Heuristics: Mental Shortcuts
The rules of thumb the mind uses under uncertainty: representativeness, availability, anchoring and adjustment, with the classic Tversky–Kahneman experiments, base-rate neglect, and Gigerenzer's case that simple heuristics are often smart.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Thinking & reasoning. Next: Cognitive biases that cost money; Loss aversion & prospect theory. Sources: Tversky & Kahneman, 'Judgment under Uncertainty: Heuristics and Biases' (*Science*, 1974); Gerd Gigerenzer, *Gut Feelings* (2007).Next: 1. The big three