1what systems are there ?
system one and system two
2what is system one ?
decide on the spot
direct roiming : no thinking
autmoatically form memory
3what is system two ?
long deloberation
consider not directly availabe info
resoning and critical
4what is the economist apporach of decision making ?
rational
selfish
no change in taste
5what is the Kannenman aproach of decision making ?
non rational
non consistent
humans to have altruism
6what is utility ?
how much would this benefit
7what is absolute utility ?
how much would 1\$ benfit me vs how much 1\$ would benefit a homelss person
8what is the prospect theory?
**investors value gains and losses differently, placing more weight on perceived gains versus perceived losses**
9what are diminishing returns ?
the theory that states that the difference between 100\$ and 200\$ is much grater than the difference between 900\$ and 1000%
10which function is steeper in the prospect theory ?
losses function is x2 steeper
11what do the axes of the prospect thory tell us ?
horizontal : money
vertical : psychological value
12what is framing ?
the way a question is asked determines the answer
13what is deduction ?
deining ture conclusion based on given information
14what is induction ?
possibly treu conclusin based on given information
15what are heuristics ?
rule of thumb that generarlly work but not 100%
based on sysem 1
quick
inductive
16what are algorithms ?
unambigouos description og how to work a problem
system 2
deductive
not common
17what are the four type of conditional arguments ?
1. confirmation of antecedent
2. confirmation of consequnt
3. denial of antecedent
4. denial of consequnt
18what are the conditional arguments based on which we can take concusions ?
1. confirmation of antecedent
2. denial of consequent
19what is the confirmation of antecedent ?
if P than Q
if we know P than we know Q ?
yes !
20what is an exmaple of the confirmation of antecedent ?
if in amsterdam than in holland
if in amsterdam
then in holland
21what is the confirmation of the consequent ?
if P than Q
if Q
than P ?
maybe !
22what is an exmaple of the confirmation of consequent ?
if in Amsterdam than in Holland
If in Hollad
Than in amsterdam ?
could be but not 100%
23what is an example of the denial of antecedent
If P than Q
not P
not Q ?
maybe !
24what is an exmaple of the denial of antecedent ?
If in AMsterdam than in Holland
Not in amsterdam
Not in Holland ?
maybe? but not 100%
25what is the denial of the consequent ?
if P than Q
not Q
not P ?
YES!
26what is an exmaple of the denial of the consequent?
if in Amsterdam than in Holland
not in Holland
not in amsterdam
yes!
27what is the antecedent ?
P amsterdam
28what is the consequent ?
Q ( holland)
29what is falsification ?
to test a rule we must look for situations that would falsify it
30what is permission schema ?
we do what we are allowed to do
31what is the derection of cheting ?
we do what is illegal
32what is a correct categorical syllogism ?
all polar bears are bears
all bears are brown
all polar bears are brown
yes !
33what is an incorrect categorical syllogism ?
all polar bears are animals
some anymals are white
some polar bears are white
maybe ?
34what are typical mistakes in categorical syllogisms ?
1. ambiance effect
2. conversational omplicature
3. belif bias
35what is ambivalence effect ?
all
→ not neccerly all
all
36what is conversational implicature ?
coffe or tea ? → yes
37what is belif bias ?
own opinion will infere the response not actual answer