An Analysis of Amos Tversky and Daniel Kahneman's Judgment under Uncertainty (eBook, PDF)

Heuristics and Biases

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Amos Tversky and Daniel Kahneman's 1974 paper 'Judgement Under Uncertainty: Heuristics and Biases' is a landmark in the history of psychology. Though a mere seven pages long, it has helped reshape the study of human rationality, and had a particular impact on economics - where Tversky and Kahneman's work helped shape the entirely new sub discipline of 'behavioral economics.'The paper investigates human decision-making, specifically what human brains tend to do when we are forced to deal with uncertainty or complexity. Based on experiments carried out with volunteers, Tversky and Kahneman disco...

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