{"id":759225,"date":"2020-05-22T06:30:10","date_gmt":"2020-05-22T10:30:10","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=759225"},"modified":"2020-05-22T06:30:10","modified_gmt":"2020-05-22T10:30:10","slug":"the-science-behind-human-irrationality-just-passed-a-huge-test","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=759225","title":{"rendered":"The science behind human irrationality just passed a huge test"},"content":{"rendered":"
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Enlarge<\/a> \/<\/span> When faced with uncertainty, people don’t make perfectly rational choices. (credit: flickr user: Jacqui Brown<\/a>)<\/p>\n<\/figure>\n

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If you won $100 tomorrow, you\u2019d be pretty happy. And if you lost $100, you\u2019d be less than thrilled. But those two feelings wouldn\u2019t be the same in magnitude: the loss would probably sting far more than the gain would delight.<\/p>\n

People don\u2019t approach things like loss and risk as purely rational agents. We weigh losses more heavily than gains. We feel like the difference between 1 percent and 2 percent is bigger than the difference between 50 percent and 51 percent. This observation of our irrationality is one of the most influential concepts in behavioral science: skyscrapers of research have been built on Daniel Kahneman and Amos Tversky\u2019s foundational 1979 paper that first described the paradoxes of how people make decisions when faced with uncertainty.<\/p>\n

So when researchers raised questions about the foundations of those skyscrapers, it caused alarm. A large team of researchers set out to check whether the results of Kahneman and Tversky\u2019s crucial paper would replicate if the same experiment were conducted now.<\/p>\n<\/div>\n

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\nSource: Ars Technica – The science behind human irrationality just passed a huge test<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Enlarge \/ When faced with uncertainty, people don’t make perfectly rational choices. (credit: flickr user: Jacqui Brown) If you won $100 tomorrow, you\u2019d be pretty happy. And if you lost $100, you\u2019d be less than thrilled. But those two feelings … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":759226,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-759225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/759225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=759225"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/759225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/759226"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=759225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=759225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=759225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}