dual cognitive system model, what is system 2 based on
how do people make judgements about uncertain events?
what kind of errors do heuristics lead in? what are heuristics?
what are some of the probabilistic questions
? how do people assess that? authors that came up w it
what do people tend to ignore if they rely on representative heuristic?
give an experiment to prove that?
what is conjuction fallacy? and logical fallacy why does it occur
whats the availability heuristic? give an example
give an experiment demonstartion? how could u make it complex
what do u mean by anchoiring and adjustment? who did research and what do we know about adjustments?
how do perfectly rational people make decisions in risky situations? what do u mean by risky situations
Expected Utility Theory focuses on:
what theory was different from above theory and how? who came up w that give an example , what is it based on
what about in a loss and gain scenario? give an example. what is the key difference
what are the 2 principles that prospect theory incorporates that EU does not
