Video: What Are Heuristics?




What Are Heuristics?

Make sure to watch our latest video: “What are the basic concepts of Criminal Law?”
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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.

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LEARN MORE:
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.
What Voters Want (article): This article explains how heuristics affect voter behavior.
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

TRANSCRIPT:
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22 Comments on "Video: What Are Heuristics?"


  1. Nice video. Curious though, at the end you talk about the "needing to be humble" in our approach with others and their views. However, I was wondering how you go about avoiding 'moral relativism' with an approach like that? What do you use to buttress against it?

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  2. Representative heuristic is prevalent in Learning too. Consider the text below

    "In my own particular case, the biggest single “aha moment” came during the late 1980s, at which point evidence was emerging that learners, during the acquisition of skills and knowledge, were susceptible to interpreting their current performance (and their related subjective experiences, such as a sense of fluency or familiarity) as valid indices of learning, whereas such indices are unreliable measures of learning at best, and sometimes are entirely misleading. That is, there was evidence then, and far more since then, that conditions of study or practice that make performance improve rapidly can fail to support long-term retention and transfer, whereas certain conditions that create difficulties and challenges for the learners (which I came to call “desirable difficulties”; Bjork, 1994) can enhance long-term retention and transfer. That pat- tern of memory and metamemory findings seemed critically important to me because it suggested not only that students and teachers alike were susceptible to choosing (and preferring) poorer conditions of learning over better conditions, but also, more broadly, that we, as learners, tend to have a faulty
    model of learning and memory."

    Robert Bjork has been in learning science for 50 years now. I believe he is applying the concept of representative heuristic to explain why people fail to learn. During the acquisition of knowledge and skills, the condition of study or practice is taken by you to represent(or interpret as index of) actual learning. There was and still is growing evidence that what ever you think you are doing now that you judge as actually learned is misleading/a misrepresentation/misguided. Thus, ineffective study technique (a conditions of study) like rereading is common. Only because it gives you a sense of fluency when actually is a case of representational heuristic where the condition of study only represents actual learning but does not actually correspond to actual learning.

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  3. I supose all the people who die because of capitalism are not counted in your WORLD BANK graph. It's not violence if it doesn't affect you!!! hahaha you disgust me.

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  4. That hospital example was so stupid and wrong… When there is a 90% change the test results are correct, it no longer matters what probability there is for you to have that decease; there's still 90% change for you to have that decease after it's been diagnosed.

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  5. That example with the medical test and the doctors getting it wrong most of the time sounds very fishy to me! It sounds like a complete nonsense! A common sense is missing in that explanation. I think what you're insinuating in this example is wrong.

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  6. @Learn Liberty SUPER AMAZING VIDEO

    Completely ruined by Background music

    Can you Please Please Please Please Please Please re-upload this, with out BG music so i can watch it. I only made it 2 minutes in and that noise was too much. PLEASE uplaod this with out music.

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  7. That is correct but i will have to disagree with the given example about the world being much peaceful than ever before it's true that the world in the dark ages was ruled by the sword and every man was for himself but if we consider the militant forces of destruction of our present time such as nuclear weapons of mass destruction we will come to see that our world of today isn't a safer place , and it's still pretty much ruled by force

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  8. Too much weight was given to the negative aspects of heuristics and not enough attention was allotted to explain why they are supremely beneficial for many things and also how complex the cognitive process of heuristics actually is.

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