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Heuristics and Biases

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Listed:
  • Gilovich,Thomas
  • Griffin,Dale
  • Kahneman,Daniel

Abstract

Is our case strong enough to go to trial? Will interest rates go up? Can I trust this person? Such questions - and the judgments required to answer them - are woven into the fabric of everyday experience. This book, first published in 2002, examines how people make such judgments. The study of human judgment was transformed in the 1970s, when Kahneman and Tversky introduced their 'heuristics and biases' approach and challenged the dominance of strictly rational models. Their work highlighted the reflexive mental operations used to make complex problems manageable and illuminated how the same processes can lead to both accurate and dangerously flawed judgments. The heuristics and biases framework generated a torrent of influential research in psychology - research that reverberated widely and affected scholarship in economics, law, medicine, management, and political science. This book compiles the most influential research in the heuristics and biases tradition since the initial collection of 1982 (by Kahneman, Slovic, and Tversky).

Suggested Citation

  • Gilovich,Thomas & Griffin,Dale & Kahneman,Daniel (ed.), 2002. "Heuristics and Biases," Cambridge Books, Cambridge University Press, number 9780521792608, January.
    • Handle: RePEc:cup:cbooks:9780521792608
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    Cited by:

    1. repec:cup:judgdm:v:12:y:2017:i:3:p:236-252 is not listed on IDEAS
    2. Daniel Kahneman & Richard H. Thaler, 2006. "Anomalies: Utility Maximization and Experienced Utility," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 221-234, Winter.
    3. Kahneman, Daniel, 2002. "Maps of Bounded Rationality," Nobel Prize in Economics documents 2002-4, Nobel Prize Committee.
    4. Paul Dolan & Mathew White, 2006. "Dynamic Well-Being: Connecting Indicators of what People Anticipate with Indicators of what they Experience," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 75(2), pages 303-333, January.
    5. Yuan Ma & Guisheng Hou & Baogui Xin, 2017. "Green Process Innovation and Innovation Benefit: The Mediating Effect of Firm Image," Sustainability, MDPI, vol. 9(10), pages 1-15, September.
    6. Thomas J. Brennan & Andrew W. Lo & Ruixun Zhang, 2018. "Variety Is the Spice of Life: Irrational Behavior as Adaptation to Stochastic Environments," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-39, September.
    7. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
    8. Mary Parkinson & Ruth M. J. Byrne, 2017. "Moral judgments of risky choices: A moral echoing effect," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 12(3), pages 236-252, May.

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