Some Videos I’m Showing in Class

In class last night we examined how to make better decisions. The lecture focused heavily on cognitive biases and heuristicsac10ec1ace51b2d973cd87973a98d3ab.jpg.1347400360781 that affect our decision-making.

The anchoring heuristic, explained by Daniel Kahneman, author of Thinking Fast and Slow:

An explanation of the availability heuristic:

Kahneman’s explanation of the focusing illusion to New York Times columnist David Brooks:

A discussion of the sunk costs fallacy:

We also discussed analysis paralysis and The Paradox of Choice, a book written by Barry Schwartz. Here is his TED Talk that synthesizes the book well:

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